A press release from Allen Skillicorn:
Prevailing Wage Is A Bum Deal For The Collar Counties
Prevailing Wage is supposed to set a minimum hourly wage for skilled labor based on the cost of living for each of Illinois’ 102 counties.
We would all agree the cost living is lower in rural versus urban areas.
The average family can buy a much larger home for the same amount of money in McHenry, Kane, Grundy, and Kendall Counties versus Cook County.
As it turn outs Illinois’ Prevailing Wage Law is a bum deal for these collar and exurban counties like McHenry, Kane, Grundy, and Kendall because residents still have to pay Cook County wages.
Every year local municipalities are required to pass a Prevailing Wage Ordinance.
As you can see in the charts below these wages are based on or directly tied to Cook County wages. Since taxpayers in McHenry, Kane, Kendall, and other Counties are paying higher wages, their tax rates must go up even higher.