Crypto exchange FTX moving U.S. headquarters out of Illinois

By Dylan Sharkey

09/29/2022

FTX CEO Sam Bankman-Fried announced the cryptocurrency exchange is moving its U.S. headquarters to Miami. It’s the fifth major company to relocate its headquarters out of Illinois this year.

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

By Joe Tabor

08/17/2022

Published Aug. 17, 2022 Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension...

Illinois leads U.S. for people moving out: 8th year of loss

By Patrick Andriesen

03/14/2022

Illinois reported the largest outmigration of residents of any state during 2021, marking the 8th consecutive year of population decline in Illinois. Chicago similarly saw more residents move away than any metropolitan area in the nation.

TAGS: Illinois, outmigration, population

Illinois’ COVID-19 jobs rebound is among nation’s weakest

By Bryce Hill

08/01/2020

Most other states have recouped more of their February-April job losses from the pandemic shutdowns than Illinois.

TAGS: COVID-19, executive order, IDES: Illinois Department of Employment Security, JB Pritzker, recession

Blame Illinois exodus on jobs, housing, tax policy

By Orphe Divounguy, Bryce Hill

06/25/2020

Census data shows who is fleeing Illinoisans and why. Here’s why you should care.

TAGS: jobs, outmigration, population, tax burden

Illinois moves closer to becoming first ‘junk’ state with negative credit outlook

By Adam Schuster

04/12/2020

Illinois’ financial outlook was changed from ‘stable’ to ‘negative’ by two major ratings firms, raising the risk the state’s credit rating will formally fall to non-investment grade status.

TAGS: bonds, credit rating, debt, Moody's Investor Service, Standard & Poor's

Illinois house value growth nation’s 2nd worst in 2019

By Orphe Divounguy, Bryce Hill

03/09/2020

States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.

TAGS: home price index, home values, homeownership, housing market, outmigration, population

Bill proposes to tie Illinois state spending to what taxpayers can afford

03/06/2020

Lawmakers routinely spend faster than taxpayers’ incomes grow. A new bill would put Illinois with the majority of states that limit taxes or spending.

TAGS: borrowing, budget, constitutional amendment, deficit, government spending, pensions, spending cap, tax increase

‘Fair tax’ would cost Illinois 56K jobs

By Orphe Divounguy, Bryce Hill

02/26/2020

Progressive income tax would essentially wipe out all 2019 employment gains in Illinois, and then some.

TAGS: fair tax, graduated income tax, JB Pritzker, jobs, labor force participation rate, metro areas, pensions, population, progressive income tax, tax hikes, unemployment

Pritzker claims statewide economic growth, but these Illinois metro areas are shedding jobs

By Bryce Hill

02/10/2020

Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.

TAGS: Bloomington, BLS: Bureau of Labor Statistics, budget, Carbondale, Champaign, Chicago, constitutional amendment, economic competitiveness, economic growth, economics, economy, employment, fair tax, flat tax, government spending, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income growth, JB Pritzker, job creation, jobs, labor, Madison County, metro areas, Metro East, Moline, pensions, Peoria, population, progressive income tax, recession, Rockford, spending, spending cap, Springfield, St. Clair County, tax burden, tax hikes, tax increase, unemployment, Urbana, working-age

Tennessee

Crypto exchange FTX moving U.S. headquarters out of Illinois

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

Illinois leads U.S. for people moving out: 8th year of loss

Illinois’ COVID-19 jobs rebound is among nation’s weakest

Blame Illinois exodus on jobs, housing, tax policy

Illinois moves closer to becoming first ‘junk’ state with negative credit outlook

Illinois house value growth nation’s 2nd worst in 2019

Bill proposes to tie Illinois state spending to what taxpayers can afford

‘Fair tax’ would cost Illinois 56K jobs

Pritzker claims statewide economic growth, but these Illinois metro areas are shedding jobs

Chicago Forward 2026: A pro-growth plan to end city budget deficits

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Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students