Missouri

2015 State Business Tax Climate Index: Illinois drops to 31st

By Robert Steere
10/29/2014
Illinois’ burdensome tax climate for businesses will continue to hold the state back from creating jobs and growing the economy in 2015. The Tax Foundation issued its 2015 State Business Tax Climate Index, reporting that Illinois dropped two positions in the ranking since last year, to 31st from 29th. Prior to 2011, Illinois steadily ranked...

TAGS: taxes

Post-recession pain points in Illinois: a breakdown

By Michael Lucci
10/20/2014
From the beginning of the Great Recession in January 2008 through August 2014, Illinois is still down 157,100 payroll jobs, more than any other state in the U.S. Some sectors of Illinois’ economy have recovered completely, while others remain dramatically below pre-recession levels. Manufacturing and construction have had it the worst through the recession era,...

TAGS: jobs, private sector, public sector

Meet the company pushing sales-tax hikes across Illinois

By Brian Costin
10/14/2014
Fourteen Illinois counties face higher sales taxes if referendums pass at the ballot box this fall. The tax is called the Illinois County School Facility Occupation Tax, or County School Facility Tax (CSFT) for short. The law authorizing the tax, which passed in 2007, allows school boards representing 51 percent of a county’s student population...

TAGS: Missouri, Nicolaus & Co., sales tax, Stifel Nicolaus & Co., taxes

Champaign County breaks promise on sales-tax hike

By Shawn Tonge
10/13/2014
Property taxes for school districts in Champaign County have risen substantially, despite property-tax relief promises made regarding the County School Facility Sales Tax enacted in 2009. And there’s reason to believe districts across the state might suffer the same fate. In April 2009, Champaign County passed a referendum for a 1 percent increase in the...

Illinois’ symbolic first step – cut LLC fees

By Michael Lucci
10/12/2014
Small businesses and innovators are the lifeblood of any economy, and Illinois needs reform to encourage them to locate in Illinois. Small businesses are responsible for two-thirds of all new jobs created in the last 20 years. The disincentives for entrepreneurs to locate in Illinois are systemic, and thus require systemic solutions. An agenda for...

TAGS: jobs, LLC fees

Jobs vs. food stamps: Illinois last in the Midwest

By Michael Lucci
09/29/2014
Since the Great Recession ended, Illinois’ food-stamp enrollment has outpaced job creation by a ratio of nearly 2-to-1. The jobs versus food stamps comparison is a strong indicator of economic hardship. And compared to the rest of the Midwest, Illinoisans are truly feeling the pain. Since the Great Recession ended, Illinois is the only state...

TAGS: employment, jobs, unemployment

Body cameras for police a win for citizens, officers and taxpayers

By Bryant Jackson-Green
09/23/2014
What’s a low-cost way to improve police accountability in Illinois while saving taxpayer dollars? Some say body cameras for police officers. After the events in Ferguson, MO, several editorials have encouraged Illinois police officers to wear body cameras as a way to deter misconduct, and some departments have already signed on to the idea. But...

TAGS: Chicago, police, police body cameras, police misconduct

Can Illinois’ dead-last credit rating get any worse?

By Naomi Lopez Bauman
09/08/2014
According to ratings agency Standard & Poor’s 500 Illinois’ credit rating is the worst among the 50 states. We are the only state in the country with an A- credit rating – on par with nations such as Botswana, Latvia and Slovenia And Illinoisans should be aware of the possibility that we could be headed...

TAGS: credit rating

Illinois corruption watch, August 2014

By Brian Costin
09/05/2014
At least 84 corruption-related stories have been reported from across the state of Illinois in August alone. Atop August headlines is the recent revelation that a federal grand jury subpoenaed the emails of Gov. Pat Quinn’s ex-chief of staff in relation to Quinn’s anti-violence grant program. The case, which has been referred to by some...

TAGS: Chicago, corruption, cronyism, transparency, waste

Illinois should strive for better marks on hair-braiding regulations

By Bryant Jackson-Green
07/18/2014
The state of Illinois received a near-failing grade for the quality of its natural-hair-braiding licensing rules, according to a new study released by the Institute for Justice. The study overviews natural-hair-braiding (a popular beauty practice among African and African-American communities in the U.S.) regulations in every state in the country, ranking each one based on...

TAGS: licensing, occupational licensing, regulations, small business