West Virginia

Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, income, income growth, income tax, JB Pritzker, labor, marginal tax, personal income, population, progressive income tax, recession, Springfield, tax burden

Illinois saw nation’s worst population loss during the decade

By Orphe Divounguy, Bryce Hill
12/30/2019
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.

TAGS: 401(k), debt, flat tax, general revenue fund, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, JB Pritzker, job creation, Mike Madigan, outmigration, population, revenue, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age

Illinois state and local governments spend most in nation on pensions

By Adam Schuster
02/22/2019
According to recent data, Illinois spends nearly double the national average on pensions, measured as a percentage of all state and local government spending.

TAGS: GARS: General Assembly Retirement System, JRS: Judges’ Retirement System, municipal pensions, pension guarantee, pensions, property taxes, SERS: State Employee Retirement System, SURS: State Universities Retirement System, taxes, TRS: Teachers’ Retirement System

State of the state 2019: Past mistakes show path to better future for Illinois

By Orphe Divounguy, Bryce Hill
01/22/2019
Reversing the state’s outmigration of residents and encouraging the job creation Illinoisans need to thrive – and the state needs for stable revenues – require lawmakers to rein in government overspending and resist calls for tax hikes that would further depress Illinois’ economic growth.