While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Many communities in the northern Illinois border county are having trouble attracting and retaining residents.
The current and future workforce is shrinking in Illinois, but growing across the U.S. Making the Prairie State more attractive for families seeking to work and invest is key to fixing this problem.
As Illinois struggles to address its people problem, population loss has plagued communities across the Land of Lincoln. But the shrinkage in some areas has been more severe than others.
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
More than three-quarters Illinois communities lost population over the year, and nearly all of the state’s major metro areas are lagging the nation on key economic indicators.
As part of Illinois’ statewide population drop in 2017, southern Illinois counties saw a continuation of population losses they’ve been seeing for years.
If current population trends hold, Rock Island, Illinois, will take a back seat to Bettendorf, Iowa, within five years.
In a shrinking state, half of Illinois’ largest cities have shed population since 2010.
Homeowners’ 2017 property tax bills (payable in 2018) outpace the state and national average, when measured as a share of home value.
With countywide population dipping, remaining taxpayers in Macon County are being left with an ever-increasing property tax bill.