Illinois’ second minimum wage increase this year is part of a plan to hit $15 an hour in 2025. Small businesses face tough decisions on cutting staff or raising prices.
A study from WalletHub ranks Illinois 50th-most severe on COVID-19 restrictions on bars and restaurants. 233,500 jobs were lost in that sector since February.
Monthly sales tax collections in Illinois continued sharp declines compared to one year earlier amid strict COVID-19 restrictions. Neighboring states with more open economies fared better.
Illinois Gov. J.B. Pritzker for the fourth time extended by 30 days his emergency powers to respond to the COVID-19 pandemic. Businesses and lawmakers are amending lawsuits in response.
Illinoisans who have struggled without paychecks because of the COVID-19 shutdown could get a delay on their property taxes. The hope is they are working again before they must pay the bill.
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.