Illinois homeowners are most likely in the nation to be in foreclosure. The looming $2,100 property tax hike from Amendment 1 would make housing even more unaffordable.
Gov. J.B. Pritzker declared Illinois a disaster zone for the 32nd time. When this declaration ends, he will have given himself emergency powers for 895 days – more than two-thirds of his term.
Taxpayer contributions accounted for 56% of the money that flowed into Illinois’ pension funds in 2000. Two decades later, residents funded 84% of public employees’ retirements, yet pension debt is still growing.
For Illinois border resident Brett Retherford and his neighbors, high Illinois fuel taxes drive them to buy their gasoline in Iowa. Illinois politicians’ heavy demands lose them hoped-for taxes when drivers have a choice.
Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
While Illinois settles for Pritzker’s temporary relief that mostly expires after the November election, its neighbor states are making long-term changes to help grow their economies.
Illinois’ combined state and average local retail sales tax rate topped 8.8% in 2022. That’s the 8th-highest in the nation and the highest in the Midwest.
Gov. J.B. Pritzker will end the statewide indoor mask mandate for most Illinoisans Feb. 28, joining the 39 other states who have already lifted COVID-19 restrictions on residents. Illinois will be the only state in the Midwest still mandating masks in schools at the state level.
Published Jan. 27, 2022 Illinois’ economy was shaken by the COVID-19 pandemic, but 2021 was supposed to be a year of recovery. Unfortunately, the policy climate continues to be the state’s biggest liability despite high vaccination rates, great natural endowments, a talented workforce, a large financial sector and a growing tech industry. While Illinois boasts...
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.