In January, Standard and Poors upgraded Californias credit rating to A from A-, an action the rating agency said resulted from the states improved fiscal condition.
State Rep. Naomi Jakobsson, D-Urbana, recently proposed to implement another income tax hike in Illinois is gaining interest across the state. A progressive income tax increases taxes on individuals more as they make more money.
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within six months. That warning is just another whack for a state that already has been downgraded...
Standard and Poors Rating Services just dropped Illinois credit rating to A- from A. There is not another state in the union with credit as lousy as ours. We are worse off than California.
Illinois credit rating received a warning today from Fitch Ratings. What Fitch cited as the ongoing inability of the state to address its large and growing unfunded pension liability means a rating downgrade is likely unless reforms are passed within s
How do American entrepreneurs decide where to set up shop? Business creators look at indicators like corporate tax rates and the health of a state’s finances when determining the best location in which to take root. According to a survey published recently by Thumbtack.com and the Ewing Marion Kauffman Foundation, Illinois isn’t quite cutting the mustard. On...
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.