Illinois Forward: A 5-year plan for balanced budgets, declining debt and tax relief

By Adam Schuster

02/15/2020

The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...

Pritzker claims statewide economic growth, but these Illinois metro areas are shedding jobs

By Bryce Hill

02/10/2020

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.

TAGS: Bloomington, BLS: Bureau of Labor Statistics, budget, Carbondale, Champaign, Chicago, constitutional amendment, economic competitiveness, economic growth, economics, economy, employment, fair tax, flat tax, government spending, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income growth, JB Pritzker, job creation, jobs, labor, Madison County, metro areas, Metro East, Moline, pensions, Peoria, population, progressive income tax, recession, Rockford, spending, spending cap, Springfield, St. Clair County, tax burden, tax hikes, tax increase, unemployment, Urbana, working-age

State of the state: Pritzker saw worst first-year jobs numbers since Blagojevich

By Orphe Divounguy, Bryce Hill

01/27/2020

Illinois job creation lagged the national median in nearly every sector.

TAGS: 401(k), BLS: Bureau of Labor Statistics, Chicago, constitutional amendment, economic competitiveness, economic growth, fair tax, government spending, graduated income tax, housing, housing market, IDES: Illinois Department of Employment Security, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, income growth, JB Pritzker, job creation, jobs, labor, labor force participation rate, outmigration, pensions, personal income, population, private sector, progressive income tax, public sector, retirement age, spending, spending cap, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, unemployment

As nation celebrates small businesses, Illinois considers taxing them more

By Orphe Divounguy, Bryce Hill

11/27/2019

Most new jobs in Illinois are created by small businesses, yet state leaders are asking voters to hurt them by raising taxes on these employment dynamos.

TAGS: BLS: Bureau of Labor Statistics, entrepreneurs, Great Recession, Illinois, Illinois Constitution, investment, JB Pritzker, job creation, progressive income tax, s-corp, small business, spending cap, taxes, Tennessee, Texas

Illinois unemployment rate hits low despite tepid jobs growth

By illinoispolicy

10/28/2019

Illinois’ unemployment rate hit 3.9% in September – the first time in decades that the jobless rate went under 4%, according to data from the U.S. Bureau of Labor Statistics.

TAGS: employment, jobs, unemployment