On Sept. 15, the Barack Obama Foundation announced four semifinalists in the battle to build Barack Obama’s presidential library and museum. The four potential host sites include the University of Chicago, the University of Illinois at Chicago, Columbia University in New York City and the University of Hawaii. Holding two of the four slots, the...
Illinois’ sluggish jobs recovery is coming at a tremendous cost. For every post-recession job created in Illinois, nearly two people have enrolled in the Supplemental Nutrition Assistance Program, commonly known as food stamps. In the recession era, the number of Illinoisans dependent on food stamps has risen by 745,000. Without adequate job creation in the...
Illinois’ manufacturing sector has been hemorrhaging jobs for decades, and policy has a lot to do with it. Since 2004, Illinois has lost 125,000 manufacturing jobs. Most of these losses resulted from the Great Recession – a colossal 117,000 manufacturing jobs were shed from January 2008-January 2010 – but precious few have returned. In the...
School districts in 14 Illinois counties are pushing for countywide increases in sales tax rates. These counties are utilizing the 2007 Illinois County School Facility Tax Act, or ICSFTA, which allows school boards representing 51 percent of a county’s population to put a referendum on the ballot for a countywide sales tax increase to fund...
On Sept. 3, Chicago Mayor Rahm Emanuel signed an executive order requiring city contractors to immediately hike wages for the city workers they employ to $13 per hour from the current rate of $11.93 per hour. The current rate is already nearly 45 percent higher than the statewide minimum wage of $8.25 per hour. Illinoisans...
Stock markets have reached all-time highs just a few years after the market meltdown of the Great Recession. The Standard & Poor’s 500 index has more than doubled since the end of 2008 and many individuals have replenished their retirement accounts, and then some. But if you’re an Illinois government worker stuck in a state-run...
The proportion of Illinois Medicaid enrollees found to be ineligible remains high, according to the state’s Medicaid Redetermination Project Quarterly Report for the second quarter of 2014. But here’s the kicker: The state will end up paying for more and more of them, regardless of eligibility. According to the report, 55 percent of the reviewed...
More than 1,300 Illinoisans will be laid off in coming months, according to notices filed in accordance with the Workers Adjustment and Retraining Notification Act, or WARN. Among the cuts listed in the August WARN report are 418 jobs lost in conjunction with Hostess Brands’ shuttering of its Twinkie factory in Schiller Park – the...
Minorities have suffered disproportionately under the failed economic policies of Gov. Pat Quinn. From its pre-recession peak through 2013, the black employment rate has plummeted by 7.1 percentage points, more than any other racial group in Illinois. Fewer than half of black adults are employed in Illinois. And the black male employment rate has been...
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...