While most Illinois metropolitan areas saw job gains last month, unemployment rates remain higher than the U.S. rate in 11 of the state’s 13 metro areas.
Illinoisans face the second gas tax hike of 2023 on July 1. The 3.1 cent hike doesn’t need lawmaker approval, thanks to state leaders implementing automatic gas tax hikes.
Illinois is eighth in the nation for most expensive gas, and reduced oil production in May could drive prices even higher. It all means more taxes for the state.
Out-of-state cannabis sales fell to $31 million in February, the lowest since February 2021. Missouri starting recreational pot sales at a lower cost is a major factor.
All 11 major industries in Illinois were among the worst in the nation for job growth from January 2019 to January 2023, with each of them ranking in the bottom half in the nation.
Low-tax states attract the majority of movers, while high-tax states push them away. Illinois takes nearly 13% of all money made in the state as taxes, and lost 141,656 residents in 2022.
Kentucky, Wisconsin, Indiana and Missouri are attracting residents while Iowa and Michigan are the only neighbor states losing residents to other states
New Census Bureau data shows people moving out of Illinois continues to drive the state’s population decline. So many moved away in the year before July 2022, it was almost like Rockford disappearing.
Plenty of Illinoisans will be on the road this holiday season, with record-high travel across the nation. Filling up for the trip is pricey in Illinois and will get even pricier after Jan. 1.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...