While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Illinois spent $58 million in 2015 to imprison offenders charged with felony theft. But evidence shows increasing the threshold, as 29 other states have done since 2001, doesn’t increase property crime or larceny rates.
Raising the felony theft threshold won't lead to an increase in overall property crime or larceny rates.
A new study by The Pew Charitable Trusts shows states that adjusted their felony theft laws have not seen an increase in crime. To save on corrections costs, Illinois should update its theft thresholds, too.
To make Illinois smarter on crime and save taxpayer dollars, theft laws must be kept up to date