Unprecedented unemployment deficit threatens to ‘cripple’ businesses, claimants – Capitol News IL
Stakeholders from both political parties, as well as business and labor groups, are now warning of “crippling” tax increases on businesses and cuts to unemployment benefits that could result if the ongoing deficit goes unaddressed for too long. The state also faces looming interest payments on more than $4 billion of federal borrowing undertaken to pay out benefits at the height of the pandemic.


At first glance, the results look quite good for a year made so challenging by the pandemic. But look further.
Wirepoints President Ted Dabrowski joined WJPF’s Tom Miller to talk about the $138 billion in federal money that helped Illinois improve its credit rating and a new Wirepoints report on education spending in the state.