Stunning data show Illinois economy stalled out before COVID-19 pandemic

By Austin Berg

04/02/2020

The last thing Illinois needs is more bad news for the sake of it. But ignoring this reality threatens to make this crisis worse.

TAGS: coronavirus, COVID-19, economy, unemployment

For Illinois, COVID-19 cuts much deeper than public health

By Austin Berg

03/20/2020

Springfield needs to pull policy levers to mitigate harm. And they should do so as quickly as possible.

TAGS: coronavirus, COVID-19, economy, JB Pritzker, occupational licensing, progressive income tax, small business, unemployment

Pritzker claims statewide economic growth, but these Illinois metro areas are shedding jobs

By Bryce Hill

02/10/2020

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.

TAGS: Bloomington, BLS: Bureau of Labor Statistics, budget, Carbondale, Champaign, Chicago, constitutional amendment, economic competitiveness, economic growth, economics, economy, employment, fair tax, flat tax, government spending, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income growth, JB Pritzker, job creation, jobs, labor, Madison County, metro areas, Metro East, Moline, pensions, Peoria, population, progressive income tax, recession, Rockford, spending, spending cap, Springfield, St. Clair County, tax burden, tax hikes, tax increase, unemployment, Urbana, working-age

Chicago area up 241K jobs, rest of Illinois down 41K jobs from before recession

By Austin Berg

01/21/2020

Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.

TAGS: BLS: Bureau of Labor Statistics, capital gains, Chicago, corporate income tax, economic competitiveness, economy, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, investment, JB Pritzker, labor, minimum wage, outmigration, population, progressive income tax, real estate, recession, Springfield, tax hikes, tax increase

9 new Illinois taxes totaling $1.7B take effect Jan. 1

By Adam Schuster

12/15/2019

Nearly half of the 20 tax and fee hikes passed to support a record $40 billion state budget and $45 billion infrastructure plan hit on New Year’s Day.

TAGS: cannabis, cigarette tax, economy, electric car, electric vehicle, gas tax, graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, JB Pritzker, marijuana, motor fuel tax, New Year's Day, online sales tax, parking garages, parking tax, progressive income tax, registration fee, spending, spending cap, Springfield, tax hikes, tax increase, taxes, trade-in tax, vehicle registration

Progressive tax uncertainty could trip Illinois’ already-stumbling economy

By Orphe Divounguy, Chena Underhill

07/25/2019

The elections scheduled for November 2020 are already injecting uncertainty into the economy, and the progressive income tax ballot question will make matters worse.

TAGS: economy, fair tax, graduated income tax, income growth, income tax, JB Pritzker, progressive income tax, taxes

False choice for Illinois: Pritzker’s budget ignores commonsense alternative

By Adam Schuster

03/12/2019

Facing down a $3 billion deficit, Illinois Gov. J.B. Pritzker offered an unbalanced budget including more tax hikes, borrowing and spending. He claimed severe cuts were the only alternative, but another option exists.

TAGS: balanced budget requirement, budget, deficit, economy, fair tax, income tax, JB Pritzker, pensions, progressive income tax, taxes

Illinois’ economy continues to fall behind other states, according to fiscal forecast

By Vincent Caruso

02/16/2018

The worst years of the Great Recession are in the rear view. But if the latest gloomy fiscal forecast is any indication, Illinois' persistent policy mistakes will drag down its economic performance well into the future.

TAGS: COGFA: Commission on Government Forecasting and Accountability, economy, jobs, outmigration, unemployment

State report: Illinois economy lags nation, neighbors

By Austin Berg

11/02/2017

The October briefing from the Commission on Government Forecasting and Accountability outlines Illinois’ weak growth, and projects more of the same.

TAGS: COGFA: Commission on Government Forecasting and Accountability, economy, jobs

A sorry state: Illinois’ economy in 2017

By Orphe Divounguy

11/16/2016

Since the end of the recession, only 5 out of Illinois’ 13 metro areas – Carbondale-Marion, Chicago, Kankakee, Lake County-Kenosha County and Springfield – have recovered all the private-sector jobs lost from the Great Recession.

TAGS: economy, jobs, unemployment