Illinois had the highest black unemployment rate of any state at the end of 2016, holding that distinction for six consecutive quarters, according to analysis by the Economic Policy Institute. The Land of Lincoln also has the largest gap between its white and black unemployment rates.
The city’s latest taxpayer-funded development project reinforces the need to eliminate tax increment financing in favor of honest and transparent city budgeting.
Local governments create TIF districts to encourage development in “blighted” areas; but TIFs often don’t deliver on promised economic benefits, while they do divert tax dollars from other uses and create opaque slush funds for the mayor to reward insider developers.
Super Sunday sees 239 corrections officers – or 19 percent of the staff assigned to work that day – call in sick despite pleas to officers ahead of time from the Cook County Sheriff’s office.
Illinois politicians burden the state’s residents with the highest combined state and average local sales tax rate in the Midwest, along with numerous other taxes and fees.
As lawmakers consider massive tax hikes on Illinoisans, they should look to consolidate nearly 7,000 units of local government and to cut their high administrative costs.
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.