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Raising the Minimum Wage Would Help 1 in 5 Illinois Children, Boost State Economy

Raising the state minimum wage to at least $10.10 an hour would benefit an estimated 1.1 million Illinois workers and nearly one in five Illinois children (about 583,000). And new research indicates that these clear benefits to low-wage workers come with little discernible effect on employment.

In Focus

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The failure of the General Assembly to extend current income tax rates past their December 31 expiration resulted in an irresponsible budget that stops the improvement of Illinois’ finances in its tracks. However, it is not too late for lawmakers to do the right thing: maintain stable revenue to avoid deep service cuts, an increase in unpaid bills, and further credit downgrades.

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A new Fiscal Policy Center interactive web app, www.EITCWorks.org, allows users to pinpoint how doubling the Illinois Earned Income Tax Credit (EITC) would lift more families out of poverty and boost local economies in their legislative districts. Visit www.EITCWorks.org to find out how low-wage working families and small businesses in your district would be impacted!

Fiscal Notes Blog

October 17, 2014

When it comes to funding K-12 education, Illinois now spends 9.3 percent less than it did before the recession, after adjusting for inflation.…

October 10, 2014

In last night’s gubernatorial debate, a question about Kansas helped put Illinois’ future in perspective.…

October 9, 2014

The Chicago Sun-Times has made a powerful endorsement for raising the minimum wage, declaring “Chicago, let’s raise the minimum wage.” And, what’s true for Chicago is also true for Illinois.…

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