Even more evidence Illinois can thank the federal government’s covid bailouts for its budget bonanza – Wirepoints
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
its called a shake down. But at least when the mafia is collecting you get some protection and muscle for your fee. What do these businesses get in return for this payment?
Well, they get motivated to only have 49 employees. They get motivated to relocated outside the city limits if they start to build the business.
A friendly reminder that the previous Employer Expense Tax (Head Tax) exempted not-for-profit and educational organizations, meaning CTU was exempt from paying it. I’m guessing this iteration is no different. This twist of exempting employees from specific neighborhoods is a pending administrative nightmare. How would a McDonald’s franchise be treated? Is a single franchise restaurant exempt if it employs less than 50 people or subject to the tax as they are all McDonald’s employees? Then again, I’d wager many of those employees would come from these exempt neighborhoods, which raises the question why a large multi-national corp offering minimum wage… Read more »