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
Census data shows who is fleeing Illinoisans and why. Here’s why you should care.
By granting broad new taxing authority to Springfield, the progressive income tax amendment makes a retirement income tax much more likely – a fact some supporters have acknowledged publicly.
Illinois residents pay more of their income toward state and local taxes than any other state’s residents. A progressive income tax proposal on the ballot in November would raise the state’s total tax burden by $3.7 billion.
New census data reveals that for a second year, all 10 metro areas based primarily in Illinois experienced population decline.
States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.
There’s no doubt: the county taxed soda more, so people bought less of it. It’s a simple lesson. So why doesn’t Springfield get it?
Other states show how a progressive income tax would likely make the Illinois exodus worse, pushing jobs and tax revenue out of Illinois.
Fewer people want to live in states with progressive income taxes. So after 6 straight years of population loss, why would Illinois want to join them?
Illinois job creation lagged the national median in nearly every sector.
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.