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.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.