Pension costs for state government workers reached an all-time high in 2016, consuming 25 percent of the state’s general budget.1 Today, more than $8 billion of the state’s yearly $32 billion budget goes to pay for pension costs, sapping tremendous amounts of money from social services for the developmentally disabled, grants for low-income college students, and aid to home...View Report
Uncertainty about skyrocketing tuition costs, rising taxes, and other factors are the likeliest culprits of Illinois’ student out-migration crisis.
Illinois used to gain net population from Michigan, but data for recent years indicate that Michigan now gains more residents on net from Illinois.
Nearly 20,000 Illinoisans on net moved to the Hoosier State in 2015.
The communities in the Quad Cities are nearly identical, but Illinoisans are fleeing to Iowa’s side from the Land of Lincoln’s side, showing just how severe Illinois’ out-migration crisis is.
The Land of Lincoln lost almost 84,000 residents and over $6.5 billion in taxable income to the seven states without an income tax while Illinois’ 2011 income tax hike was in effect.
Despite taxing both sales and income, Illinois has higher property taxes than every single state that does not charge an income tax.
Lawmakers need to look at the state’s major spending drivers instead of increasing taxes, which will continue to drive more people out of the state.
Politicians’ refusal to make serious spending reforms is pushing more taxpayers out of Illinois, with Missouri being an attractive landing spot.
Illinois continues to have the worst jobs growth in the region, and tax hikes will only make matters worse.
Missouri has become the 28th state to enact Right to Work, causing Illinois’ regional competitiveness to decline further.