By fixing cost drivers, decreasing the cost of doing business in Illinois, and easing the tax burden, Illinois can encourage jobs growth and stand a better chance at attracting and retaining younger people.
Illinois’ workers’ compensation system costs taxpayers $1 billion per year, and employers repeatedly cite hefty workers’ compensation costs as a driving factor in fleeing the state for friendlier business climates. High workers’ compensation costs most directly affect labor-intensive blue-collar employment sectors – which have struggled to regain their footing in Illinois since the Great Recession. Despite mounting evidence that workers’ compensation...
Newly released IRS data show Illinois lost on net over 81,000 taxpayers and their dependents, and $4.1 billion of annual taxable income to other states in 2013.
The state should simplify and amend the General State Aid formula to end loopholes, and require each school district to fully report its true property wealth when requesting means-based state aid.
The list of reasons for denying government workers the benefits of 401(k)-style plans in favor of politician-controlled pensions is short at best, and it’s growing shorter every day.
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.