Illinois’ 2011 income-tax hike caused out-migration that cost the state high-earning taxpayers. New IRS data show taxpayers who left had an average income of $77,000 per year, compared with taxpayers who entered Illinois, who had an average income of $57,000 per year.
The state’s high-tax burden is not only hurting struggling taxpayers’ pockets, but is also depreciating home values across Illinois.
Continued jobs losses in manufacturing underscore the need to reform the state’s onerous tax and regulatory policies.
Vonco is the second major packaging manufacturer to leave Illinois in less than two weeks.
Altria announces plant closures in Illinois and Pennsylvania.
Tech giant suspends plans to bring fiber optics to Windy City in favor of a wireless approach.
Participation in the Supplemental Nutrition Assistance Program has increased more than six times the rate population has grown over the last five years.
New data from the Bureau of Labor Statistics show Illinois’ professional and business services sector has fared better than the state’s manufacturing industry, which recorded 800 job losses in September.
Gov. Bruce Rauner has ordered executive agencies to review all their regulations for necessity, clarity and statutory authority and to mark for repeal or revision rules that don’t meet those criteria.
Division president cites Wisconsin’s favorable business environment as chief reason for move.
A proposal to license pharmaceutical reps amounts to costly fees and red tape that will do little to promote public health and safety.
Illinois ranks as the top pumpkin producer in the country, which isn’t much of a consolation given the state’s poor performance in almost every economic category.
Illinois House Speaker Mike Madigan’s grip on the state’s legislative process once delayed the Cubs’ quest for lights at Wrigley Field – and 30 years later, the Cubs are still feuding with politicians.
The divergence between professional and blue-collar work continued in September, and a shrinking workforce coincided with steady seasonal out-migration.