Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
New census data reveals that for a second year, all 10 metro areas based primarily in Illinois experienced population decline.
States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.
Progressive income tax would essentially wipe out all 2019 employment gains in Illinois, and then some.
Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.
Fewer people want to live in states with progressive income taxes. So after 6 straight years of population loss, why would Illinois want to join them?
Illinois job creation lagged the national median in nearly every sector.
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.
The historic change comes as skyrocketing property tax bills eat into Illinois homeowners’ bottom line.