Illinois is the second-most popular state to leave based on a survey of movers by United Van Lines. Illinois has also experienced nine straight years of population loss.
More Illinoisans fled for other states from July 2021-July 2022 than during any other year in recorded history, driving the state’s record population decline.
New Census Bureau data shows people moving out of Illinois continues to drive the state’s population decline. So many moved away in the year before July 2022, it was almost like Rockford disappearing.
One of the state’s biggest employers is relocating their headquarters to Irving, Texas. A decade ago Caterpillar’s CEO warned state leaders of business losses unless they balanced the budget, controlled workers’ comp costs and cut taxes. He was ignored.
Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
A Census survey intended to estimate the accuracy of the 2020 Census is being used to project an Illinois population increase. While there may be more Illinoisans than originally thought, that does not mean they aren’t leaving at an accelerating pace.
After years of enhanced revenue from federal aid, a return to the basic principles of budgeting can put Illinois on the path to long-term financial stability