The Problem Historically, public employees have faced a trade-off: lower wages than the private sector in exchange for job security and generous benefits. That trade-off, however, has been disappearing over the years as government employees enjoy steady increases in wages, even during economic downturns. Meanwhile, businesses in the private sector must cut back or at...
Now more than ever, local governments across Illinois are experiencing significant declines in revenue sources, and because of this pressure, some are revaluating how they operate and discovering some unnecessary spending habits and stale routines.
by Brian Costin As a resident and taxpayer of Hanover Township I am appalled to see the new allegations of corruption and the questionable expenditures in the amount of $300,000 from former Hanover Township employee Aurea Picasso. An article in the Daily Herald notes: “The investigation was launched after Hanover Township Supervisor Brian McGuire discovered what he believes...
by Brian Costin An interesting study from the Tax Foundation released earlier this week showed that 34% of Illinois citizens who filed a tax return paid no taxes on their income, slightly below the national average of 36%. 2.1 Million out of the state’s 6.1 million filers were able to reduce their income tax liability to...
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...