Food stamp participation has seen an encouraging decrease, but lagging economic growth leaves Illinois ranked highest among neighboring states in SNAP enrollment.
City officials suggest Moline will face a budget deficit without a property tax hike – which would only worsen the property tax plight of area homeowners.
While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.
Accepting a deal that includes $6 million in subsidies, Wynright Corporation will expand its operations in Indiana and close plants in suburban Elk Grove and Oak Lawn.
Despite years of taxpayer subsidies, rail car manufacturer Nippon Sharyo has closed its Rochelle plant – pointing to a reality some politicians don’t want to face.
While Quad Cities geography connects East Moline and the Iowa cities of Davenport and Bettendorf, Illinois’ abundance of school districts means their administrative environments are worlds apart. By consolidating duplicative administrative bodies, East Moline could generate taxpayer savings.
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.