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.
Politicians’ refusal to make serious spending reforms is pushing more taxpayers out of Illinois, with Missouri being an attractive landing spot.
Illinois lost almost 24 residents per day to Wisconsin from 2006 through 2015.
Expect Kentucky to gain even more Illinoisans in coming years.
Illinois’ weak economic growth and population loss may signal the beginning of a financial death spiral.
Half of Midwest out-migration losses are coming from Illinois, making it the only shrinking state in the region.