Illinois is on an upward path, Illinois Gov. J.B. Pritzker said during his State of the State speech. True, by some measures. Not so much by too many measures that matter.
The pandemic had an upside for Illinois state finances – infusing federal dollars as state revenues exceeded projections. Now federal aid is gone. Illinoisans’ ongoing struggles warrant caution, reform in the state’s fiscal year 2025 budget.
Combined state and average local sales tax rate tallies 8.85% in Illinois for 2024. That’s the highest in the Midwest and seventh highest in the nation.
Non-tipped workers will see their hourly wage hit $14 an hour while tipped employees will collect $8.40 thanks to the next minimum wage hike on January 1, 2024.
Illinois’ burdensome licensing for security alarm installers discourage potential workers, potentially making Illinois an easier target for burglars such as the Grinch or the Wet Bandits from “Home Alone.”
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...