An Illinois appeals court upheld a temporary restraining order on Cook County’s proposed sweetened beverage tax. The Cook County sheriff’s office has sent out 110 layoff notices, citing the soda tax holdup. These layoffs come on top of 300 county worker layoffs. Cook County officials claim at least 1,100 jobs will be lost if the tax does not go into effect.
An Illinois appeals court upheld a temporary restraining order on Cook County’s proposed sweetened beverage tax. Cook County officials claim 1,100 jobs will be lost if the tax does not go into effect.
Municipal leaders have expressed concerns about the anti-competitive, job-killing effects of Cook County’s minimum wage increases and new sick leave law and are using home rule authority to exempt their communities from the requirements.
The northwest suburb of Barrington passed an ordinance to allow local businesses to forgo Cook County’s minimum wage hike, which has the potential to be devastating for jobs in the county.
Each year, the City Council holds hearings for every city department to justify their annual appropriation. These hearings are sparsely attended and rarely touch on spending. This year, more than half of Chicago aldermen skipped budget hearings.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...