Illinois’ comeback story starts here.
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SPRINGFIELD, Ill. (Oct. 18, 2018) — S&P Global Ratings has placed a negative outlook on the city of Springfield’s finances, citing growing pension costs. This represents an increased chance of a future downgrade, putting extra pressure on the city to stabilize before it becomes costlier to take on new debt. Springfield is among many Illinois cities including...
This spending could cost the state about $31.3 billion in foregone economic activity and 132,000 fewer new jobs in the first year alone.
As homeowners have watched their property taxes go up, their local budgets are filled with wasteful spending
Illinois’ 2019 budget is as much as $1.5 billion out of balance, while report uncovers millions spent on irresponsible projects and special favors
Illinois Policy Institute analysis reveals owning a home in Illinois is a worse deal today than during the pre-housing bubble period
Across the nation, low interest rates and rising home values have made owning a home a better investment today than a decade ago. However, in three states owning a home is a worse deal today than it was prior to the housing bubble. These findings come from a new report released today by the Illinois...
Another recession would be particularly detrimental to Illinois.