Unless the Affordable Care Act (ACA) is repealed or replaced, it will continue to wreak havoc on Illinois' financial situation, even with the state's new budget, Rep. David McSweeney (R-Barrington Hills) told a House Revenue and Finance Committee during a recent hearing.
While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from the Pew Charitable Trusts recently published on the Illinois Policy Institute website.
The Round Lake area in Lake County exemplifies Illinois’ strengths and weaknesses, a writer for the Illinois Policy Institute said recently. It is a contrast of stunning natural beauty and a close adaptable community set against inefficient local governance, Joe Kaiser wrote.
The chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.
Wauconda Mayor Frank Bart didn't see his preferred successor win in the recent election, but he leaves office with the consolation that the township's Heroes of Freedom Memorial will be more inclusive.
Property owners in Illinois are the hardest hit in the nation when it comes to taxes. And the property tax burden coupled with falling home values is crippling homeowners and leading many Illinois families to deduce that buying a home in Illinois just isn’t worth it.
The Illinois Policy Institute is proposing a budget conservative group leaders contend would put an end to the state’s nearly two-year impasse, closing a $7.1 billion deficit without adding any new taxes.