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
While Quad Cities geography connects East Moline and the Iowa cities of Davenport and Bettendorf, Illinois’ abundance of school districts means their administrative environments are worlds apart. By consolidating duplicative administrative bodies, East Moline could generate taxpayer savings.
Atlantic Coca-Cola Bottling Co. plans to move its Rock Island facility to Walcott, Iowa, where the company is expected to receive substantial tax incentives.
If current population trends hold, Rock Island, Illinois, will take a back seat to Bettendorf, Iowa, within five years.
Seven metro areas across the state lost jobs over the month.
The Illinois side of the Quad Cities is already seeing population loss as residents pack up and leave high tax burdens behind.
The Quad Cities are a case study in how the Land of Lincoln is lagging behind its neighbors.
Illinois is last in the U.S. for putting people back to work.