Illinois has more units of local government than any other state in the nation. With 6,963 units of local government, Illinois beats its nearest competitor by more than 1,800.
Although Illinois’ top earners make more than most of their regional counterparts, Illinois’ bottom quarter of earners have the lowest wages in the Midwest
Gov. Bruce Rauner announced plans to restrict tax breaks for companies for retaining existing employees – putting an end to excessive tax credits that have cost taxpayers hundreds of millions of dollars.
Chicago’s contributions to its government-worker pension funds will jump to $1 billion in 2016 from $500 million in 2015, according to a new report by Moody’s Investors Service.
Good-faith negotiation and trust were foundational to all of the deals made, but some Statehouse Democrats pushed for extreme solutions while others were actively compromising.
Gov. Rauner and the Illinois House of Representatives support a bill to release lottery winnings, but Democratic leaders in the House and Senate are standing in the way. Now Illinois Lottery winners may not be paid until 2016.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.