Polling shows that Illinoisans are overwhelmingly opposed to an income tax hike, and Illinois’ poor economic growth combined with wealth out-migration mean billions in tax hikes will only inflict further damage on a struggling state.
Administrative costs at Illinois universities have spun out of control. The latest example comes as the Northern Illinois University Board of Trustees voted to approve a $600,000 golden parachute for President Doug Baker.
The budget plan proposed by Republican General Assembly members would raise taxes by over $5 billion without enacting any significant spending reforms.
Illinois’ total state economic activity has increased by only 4 percent since 2007, which is lower than the U.S.’ 10 percent GDP growth during the worst decade of the Great Depression.
Despite $30 billion in extra tax revenue, the politicians who passed Illinois’ 2011 income tax hike failed to solve Illinois’ pension crisis or pay off the state’s bill backlog.
A new Illinois Policy Institute analysis finds that adults with no spouse and living with children are most likely to live below the poverty line. Education matters just as much.