Without reforms that level the playing field between the public and private sectors, the cost of Illinois’ public sector workers will continue to damage the state’s labor market, economy and taxpayers.
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.
Inaccuracy and unfairness in the property tax assessment process mean some homeowners, especially those in poorer areas, pay a disproportionate share of the overall tax burden.
If Illinois is going to compete with its neighbors – and keep people from moving out of the state – it must reduce the enormous property tax burden its families are forced to bear. Following the lead of surrounding states by enacting collective bargaining reforms is one good place to start.
Illinois’ Prevailing Wage Act has no place in the 21st century. Policymakers should enact fair and competitive construction laws that give all individuals who are willing to work a fighting chance.
While government worker unions have had a stranglehold on the people of Illinois for far too long, the state isn’t without hope. Illinois can follow the lead of other Midwestern states and enact labor reforms.