Three facts prove that sensible spending coupled with pro-growth reforms is the solution to the current crisis. 1. Illinois has a spending problem. Not a revenue problem. If Illinois spending had grown at the same rate as inflation and Illinois’ population, the state’s expenditures would have been $8 billion less than they were in 2014. Extending...
Internal Revenue Service migration data for the 2010 tax year shows that Illinois continues to lose people to other states. Illinois had a net loss of 49,000 residents to other states, along with a net loss of $1.9 billion in personal income. Not only did Illinois lose more people than it gained, but the state also...
A net of 1.25 million more people left Illinois than entered from 1985-2010, according to data from the Internal Revenue Service on the migration of Illinois taxpayers and their dependents. In every single recorded year, more people left Illinois than entered. Recent U.S. Census Bureau estimates, which go through 2012, show that the exodus has...
There’s one simple reason why Detroit finally filed for bankruptcy in 2013. When it came time to pay its bills, the Motor City had run out of taxpayers. Taxpayers fled Detroit for decades as the city’s tax bill kept growing and its vital government services, such as public safety, were slashed. Detroit has lost more...
The official business of Illinois’ 98th General Assembly began this week, with both chambers in session for the first week of the 2014 spring legislative season. The beginning of session typically is a slower time of year, with legislative language being tweaked, and with final touches and chief sponsors being courted. This is especially the...