Illinois’ population decline crisis continues to affect virtually all counties despite fewer losses in 2023. Cook County saw nation’s second-highest number of residents moving out.
The Chicago Teachers Union is pushing Mayor Brandon Johnson’s real estate tax hike with cash and by taking students out of school to vote. The heavy push is understandable when CTU mentions the tax hike as a revenue source for their contract demands.
Six of the 13 Illinois metro areas still reported fewer jobs than prior to the pandemic. Six metros added jobs from December 2023 to January 2024, led by the Champaign-Urbana area.
Illinois’ unemployment rate ranked fourth worst in the nation in January 2024 after a decline in the number of jobs statewide during the past 12 months. Illinois continues to lag the nation and all its neighbors in job growth.
Every Illinois public university received about one-third less operational funding from the state in fiscal year 2024 than 15 years ago. University of Illinois spending per student dropped by nearly half.
A report shows low-income students receiving Invest in Kids tax-credit scholarships were more proficient in reading and math in nearly every grade in 2023 than low-income students in Illinois public schools. Their high school reading bested statewide scores.
Gov. J.B. Pritzker’s proposed reduction of Illinois’ standard income tax exemption would increase taxes for over 11 million individuals. Some state leaders warn the effective tax hike would hit working families hardest.
Votes on Chicago’s March 19 referendum will count, according to an Illinois Appellate Court ruling. Now voters must weigh the merits of the real estate transfer tax hike.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.