The Jeep Cherokee manufacturer plans to lay off nearly 1,400 workers at its Belvidere, Illinois, facility and invest $4.5 billion in a 6,500-job expansion in Michigan.
According to recent data, Illinois spends nearly double the national average on pensions, measured as a percentage of all state and local government spending.
Illinois’ fastest-growing jobs sector in 2018 was government – another sign the state needs pro-growth reforms to keep up with the rest of the country.
It’s the fifth year in a row Illinois has lost people. And the fifth year in a row that the loss has gotten worse. No other state finds itself adrift in five consecutive years of worsening population decline.
Outgoing Mayor Rahm Emanuel is publicly pushing for a constitutional amendment to the state’s pension clause. Pension reform is the only way to combat rising property taxes and prevent further budget chaos in Illinois state and local governments.