Only 51 percent of black adults reported having some form of work in Illinois.View Report
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
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 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.
High property taxes in the Metro East region are fueling out-migration from the area.
Illinois had a record loss of 114,000 residents to other states in 2016.
Despite Illinois’ built-in economic advantages, personal income in Indiana is growing much faster than personal income in Illinois.
The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.
Residents of Chicago’s collar counties pay the highest property taxes in the state – and some of the highest in the country.