Illinoisans are struggling under the highest property tax burdens in the country. Many of the reasons for those high taxes are known – too many local governments, executive pay for local administrators and rising pension costs. What taxpayers don’t know is that local school districts have billions in debt, which drives up property taxes even further....View Report
Illinois loses more millennial taxpayers and dependents to other states than any state except New York; this means Illinois’ distressed housing market is losing a big contingent of first-time homebuyers.
Cook County has lost nearly 50,000 black residents since the 2010 census, and the rate is accelerating.
Cook County’s population has dropped by 2,030 since 2011, driven by the out-migration of over 230,000 residents, on net.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
Illinois’ total state economic activity has increased by only 4 percent since 2007, which is lower than the U.S.’ 10 percent GDP growth during the worst decade of the Great Depression.
Despite Mayor Rahm Emanuel’s spin, residents are fleeing Chicago, showing they feel they are better off elsewhere.
Middle class families are unwilling to live in a city where there aren’t enough jobs and the cost of living is too high.
While major headlines broke over news that Chicago was the only one of America’s largest 20 cities to shrink from July 2015 to July 2016, most of Illinois’ other cities with 50,000 people or more also lost population.
Illinois lost 195,000 more college-bound students than it gained from 2000-2014.
Illinois lost more millennial college students than any other state except New Jersey between 2000 and 2014, and Illinois’ loss of young people appears to be accelerating.