Illinois’ comeback story starts here.
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State of the State 2020: Illinois jobs grew at half the rate of the rest of the nation
Typical 30-year career workers in state retirement systems put just 5% toward the cost of their benefits and receive payouts significantly higher than the private sector
New IRS data reveal the state loses twice as many high earners as it attracts
Population loss driven by nearly 853,000 residents leaving Illinois since 2010
SB 1300 includes pension sweeteners without public cost estimates
Nine new taxes and fees will take $1.7 billion out of Illinois’ economy and taxpayers’ wallets in 2020.
More than 4,600 small business establishments shuttered in Illinois last year, even though they still create the vast majority of the state’s net new jobs.
Chicago’s budget can’t be balanced without a constitutional amendment to align pension costs with what taxpayers can afford