Illinois saw the second-highest rate of residents moving out in the nation based on a survey by United Van Lines. Illinois has experienced 10 straight years of population loss.
Two false labels are attached to Chicago Mayor Brandon Johnson’s push to tax high-dollar real estate sales. It’s not a “mansion tax.” It taxes mainly businesses. It won’t help “Bring Chicago Home.” It will fuel businesses moving out.
Chicago Mayor Brandon Johnson and progressive allies said the city can find fiscal flexibility by taxing big business. The city is already home to the second-highest commercial property taxes in the nation.
An ominously titled document by close confidants of new Chicago Mayor Brandon Johnson states the new administration’s top priority is to take more money from households making $100,000 or more to fund what they claim is a “just Chicago.”
For the first time in 57 years, Belvidere doesn’t have workers finishing their shifts at the local auto plant. Jeep manufacturer Stellantis idled the plant indefinitely. It is one of the five biggest auto assembly plants in the world. In a city of 25,000, it’s a vital part of the local economy. The state has...
Out of 150 cities, Chicago came in almost at the bottom when the quality of city services and the total budget per capita were ranked, confirming what most Chicagoans already knew.
Illinois Gov. J.B. Pritzker announced a donation of $4 million in Six Flags tickets will be used as an incentive to get more Illinoisans their COVID-19 vaccinations. The 50,000 tickets will be targeted to minority communities.
Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.