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A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
“What we’ve seen for the past two-and-a-half years is that inflation is the top concern for small business,” said Tom Sullivan, vice president of small business policy at the U.S. Chamber of ...
The Illinois Budget Impasse was a 793-day-long (2 years and 62 days) budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate.
In 2011, the Illinois government temporarily raised the personal income tax rate from 3% to 5% in order to raise revenues. The rate was set to drop to 3.75% in 2015. [ 9 ] In January 2014, the non-partisan business group Civic Federation of Chicago estimated that the prescribed cut in income tax would yield decreased revenues of $1.4 billion in ...
Small business experts highlight consumer trends that made their impact in 2024 and share insights into the key trends expected to shape 2025. ... (the 2024 CO—100 Top Small Business ...
According to Constant Contact's Small Business Now report, 50% of small businesses get at least a quarter of their annual revenue from holiday shoppers, and this jumps to 73% for small retail shops.
The renewable energy economy has created 114,000 jobs in Illinois and will continue to see growth after a $15 billion investment from the Future Energy Jobs Act in 2016. [22] Governor J. B. Pritzker committed Illinois to the U.S. Climate Alliance in 2019 which will further drive economic growth in renewable energy across the state. [23]
The high-tax state is already dealing with an exodus of residents.