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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...

Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, income, income growth, income tax, JB Pritzker, labor, marginal tax, personal income, population, progressive income tax, recession, Springfield, tax burden