An Illinois Cook County circuit judge has ruled that a state increase in fees paid by employers into the state’s workers compensation fund was improper because it was used to help plug a gaping hole in the general revenue fund. The fee hike, one of dozens targeting Illinois businesses passed by the Democratic-controlled state government in an attempt to balance the budget while avoiding income tax increases and government spending cuts, has brought in as much as $30 million. The Illinois Chamber of Commerce has estimated that it only costs $14 million for the state to administer the comp fund with the rest going into the government’s coffers. The fee requires insured employers to pay a 1.5 percent premium tax on their workers comp policies; self-insured employers must contribute 0.045 percent of annual wages. The governor’s budget office will appeal the ruling, handed down by Circuit Judge Patrick E. McGann.
Topics Legislation Illinois
Was this article valuable?
Here are more articles you may enjoy.
Businesses Pressured to Respond to ICE While Becoming a Target 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
Grandson Not Covered Under Grandma’s Home Insurance From This Issue
