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
As national jobs growth kept up a steady clip, Illinois saw jobs growth dip after lawmakers passed a historic tax hike.
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.
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.
When people can’t find good job opportunities in Illinois, they are too often forced to leave. And to take their place, too few have enough confidence in the state to move in from elsewhere and build a future.
In a shrinking state, half of Illinois’ largest cities have shed population since 2010.
The Chicago-Naperville-Elgin metro area witnessed population decline over the year, as did nearly every other metro area in Illinois.
As outmigration fuels population decline throughout the state, Cook County saw the largest numeric population loss of any county in the nation.
The continuing erosion of Illinois’ tax base is the state’s most pressing budget problem.