20percThe cost of insurance to cover worker injuries has gone down nearly 20 percent over the past three years, saving Illinois employers nearly $460 million.

The National Council on Compensation recommended lowering workers’ compensation insurance premiums by 5.5 percent in 2015, which means Illinois’ workers’ comp rates have fallen by nearly 20 percent over three years.

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Illinois seems to get a bad reputation for its tax burden on businesses. However, a recent report from the Anderson Economic Group LLC found that Illinois was ranked 27th for its tax burden on businesses. The tax burden is based on income taxes, property taxes, sales taxes, unemployment compensation charges, license fees and other costs.

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