Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
Illinois’ high levels of corruption damage the state’s economy, costing it $10.6 billion since 2000. States with higher levels of corruption average lower levels of economic growth.
Business sectors directly affected by the coronavirus and mitigation employ 1.5 million Illinoisans. The longer the shutdown, the more industries and jobs face cuts.
New data show Illinois lost private sector jobs amid a national economic expansion for the first year on record in 2019, a sign of the state’s deep structural problems in the run-up to the current market downturn.
Amazon bought the old commercial property, but Bolingbrook’s mayor opposes putting 1,500 jobs on it. Illinois’ job growth was below the national average in 2019.
Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.
A proposal in the Illinois General Assembly would prohibit right-to-work laws in Illinois, making Illinois the only state in the nation to ban the policy in a state constitution.
Robust growth in government spending has failed to yield similar results for Illinoisans’ incomes
Illinois job creation lagged the national median in nearly every sector.