Currently, the COLA doesn’t reflect any actual cost-of-living increase, since it isn’t pegged to inflation. By simply replacing the existing guaranteed 3% compounding postretirement raise with a true COLA pegged to inflation, among other modest changes, Illinois can save $2.4 billion in the ...
This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary ...
Countries leading in foreign investment in Illinois include the UK, Japan, Germany, Canada, and France. In May 2023, Illinois exported mostly to Canada (USD 1.78 billion), Mexico (USD 1.07 billion), Germany (USD 382 million), Australia (USD 358 million), and China (USD 276 million). Illi...
“The increase of the property tax is the increase,” Lorenz said. She added she was standing on the principle at a time “when people are very much struggling to handle cost of living and just making ends meet. She said her vote related to the fact she felt Council “need to be mind...
Beginning July 1, 2020, and every July 1 since, the minimum wage has also increased – tied to the cost of living, but capped at a 2.5 percent increase. The only circumstances under which the minimum wage would not be increased in a given year is if unemployment were 8.5 percent or mor...
There's one Illinois city that has a pretty disgusting dynasty happening for nine straight years landing at the top of a list that no town wants to be on.
In this paper, we find interest-rate caps decrease credit access and worsen the self-reported financial well-being of higher-risk borrowers but increase credit access for lower-risk borrowers. Some lawmakers might fail to recognize the harmful consequences of interest-rate restrictions for higher-...
Another year is coming to an end and while there are still more babies to be born, we can tell what are the most popular names of 2023. There are some new names at the top of the list and some names are seeing a big increase thanks to pop culture. ...
University of Illinois Urbana Champaign Cost of Attendance Recent Updates: The expenditure to study in USA is likely to increase by 2025 according to the recent growth rate of Indian students going abroad for higher education. Discover the trends and projections that reveal Indian students planning ...
Dudley says getting state legislators to support the tax credit expansion and extension was easy since the previous credits “expanded the market triple-fold,” and set the stage to increase the state’s market share. “In the last few years, other states have come online with competitive ...