A new report by the Illinois Economic Policy Institute and the University of Illinois at Urbana-Champaign finds that legalizing and taxing sports betting could create 2,500 jobs and increase state tax revenue by about $100 million annually.
La Grange: A program to legalize sports betting could create 2,500 jobs, increase tax revenue by $100 million annually, grow the Illinois economy by over $500 million, and reduce illicit black market gambling, according to a new study by the … Continue reading New Report Assesses Proposals to Legalize Sports Betting in Illinois
On Wednesday, May 2, the Illinois House Revenue & Finance Committee held a hearing on the possibility of a progressive income tax in Illinois. Frank Manzo IV, MPP, Policy Director of the Illinois Economic Policy Institute (ILEPI) provided a brief testimony. Here is what he said. Continue reading “ILEPI Testimony on a Progressive Income Tax Before the Illinois House”
If Illinois’ state budget crisis is not resolved by June 30, 2017, all existing Illinois Department of Transportation (IDOT) road, bridge, and transit projects will be stopped.
Yesterday, Frank Manzo IV, Illinois Economic Policy Institute (ILEPI) Policy Director, testified before the Illinois General Assembly. Please CLICK HERE to read the full testimony. The following is an edited version of the testimony.
The Union-Business Case for Firm Relocation and Investment in Illinois and Peoria is available here.
In April 2016, the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign and the Illinois Economic Policy Institute jointly released an economic commentary outlining the top ten reasons for a business to locate to the Peoria area in Illinois. The report, which was originally limited to the Peoria area, is now available to the broader public.
In Friday’s release on state employment and unemployment, there are both positives and negatives for Illinois. On the positive side, Illinois had the 4th-largest decline in the unemployment rate over the past year and now has a lower unemployment rate than states like Georgia, Texas, and California. On the negative side, Illinois had the 9th-worst job growth over the year.
Voters support funding police, schools, infrastructure, and municipal pension deal Continue reading “Chicagoans Willing to Pay More Taxes for Improved Services, Poll Finds”
The retailer’s discount is a generous corporate welfare program that Illinois can no longer afford. A new report [PDF] finds that Illinois currently dishes out $142 million per year in subsidies to retailers through it 1.75 percent retailer’s discount rate.
Illinois lawmakers finally negotiated a stopgap deal to fund the state over the next six months. While this was a great first step, the Illinois public should not soon forget the costs of the budget impasse. Here is a super-quick rundown of the costs that the Illinois Economic Policy Institute compiled over the weekend. Continue reading “Remember, Remember the Budget Impasse this November”
With the end of FY2016 tomorrow, Illinois has gone over a year without a budget. With no adequate plan for spending, the lack of funding has severely impacted the capacity of many vital social, health, and educational organizations to provide … Continue reading The Stopgap Bill Helps But Does Not Solve Budget Issues
The State of Illinois should restore investment in wind power and other clean energy infrastructure to at least 2015 levels, according to the Illinois Economic Policy Institute in a new Economic Commentary [PDF].
Wind power generates positive impacts for the people of Illinois. Previous investments already prevent the emission of 7.6 million metric tons of carbon dioxide from Illinois and save 4.5 billion gallons of water every year. In addition, wind power has saved Illinois residents millions of dollars.