Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Home price appreciation in Illinois was the slowest in the U.S. between the third quarter of 2018 and the third quarter of 2019, federal data showed.
Indiana has around half the population of Illinois. But its building new homes at a rate more than 60% higher.
The historic change comes as skyrocketing property tax bills eat into Illinois homeowners’ bottom line.
Gov. J.B. Pritzker has pointed admiringly to other Midwestern states’ progressive income tax structures, but taxes on the median Illinois family would go up under all of them.
Accepting a deal that includes $6 million in subsidies, Wynright Corporation will expand its operations in Indiana and close plants in suburban Elk Grove and Oak Lawn.
Alliance Steel Corp could bring 100 new jobs to Gary, Indiana.
Progressive tax proposals by Illinois Democrats would punish those in Illinois’ middle class who earn $50,000 or more and make the state even less competitive with its neighbors.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
March 2017 saw 15,000 more Illinoisans on food stamps than March 2016, while the number of Indiana SNAP recipients dropped from March 2016 to March 2017.
Indiana’s sharp rise in union members is due to its robust economic growth and increase in manufacturing jobs, while Illinois’ economy continues to lose factories and sees little growth in union members.