While Illinois’ total population grew slightly last year, many areas of the state experienced population decline. People moved out of state from half the counties.
Illinois families will pay the highest combined state and local tax burden in the nation this year on the median U.S. income. That’s $13,099, which will consume more than 16.5% of their money.
Most neighboring states are gaining residents from people moving across state lines. Even of the states losing people, Illinois is losing at a significantly faster rate.
Illinois families will pay the second-highest property tax rate in the nation in 2025, spending more than double what the average American family will spend to stay in the same home. That’s driving Illinoisans away.
Of the states most Americans are moving to, 4 of 5 have a flat or no income tax. The states losing the most residents? There again, 4 of 5 have progressive taxes. Illinois’ flat tax is an advantage it should keep.
Illinois and other states with sanctuary cities saw large influxes of international migrants in recent years. But historical data shows the new arrivals may soon move out for the same reasons other residents have.
After years of splurging with revenue boosted by temporary federal aid, future deficits over $5 billion await the Illinois state budget. It’s time Illinois state leaders learn from past mistakes and manage other people’s money responsibly.
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.