If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
As the state continuously spends more than residents can afford, taxpayers in Rock Island County have seen little income growth.
Fixing what ails the state requires Illinoisans of all political stripes to be honest about how they got here.
State spending grew 25 percent faster than Illinoisans' personal income from 2005-2015.
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
Illinois will not diverge from its path of poor growth until lawmakers realize the failures of recent tax hikes.
Illinois' jobs growth trailed that of the nation during the first half of 2017, then slowed to a halt in the wake of the General Assembly's record-breaking tax hike.
With statewide elections in November, the 2018 forecast calls for gridlock.
Solving Illinois’ people problem requires addressing the high cost of government, which makes the state far less attractive for people looking to plant roots.
Illinois lawmakers passed hundreds of bills in 2017, but enacted no real reforms to boost the state’s economy, rein in the cost of government or provide relief to taxpayers.
After a punishing 2017, Illinoisans are in dire need of reform from Springfield.