While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
The south suburbs of Chicago are the ideal place for business growth, but no one wants to move there because the property taxes will keep them before they can get established, Rep. Mark Batinick (R-Plainfield) argued in a House panel debate on Friday.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from Pew Charitable Trusts recently published on the Illinois Policy Institute website.
Gov. Bruce Rauner' s speech Tuesday night on unity and the importance of passing a state budget stressed a sentiment of urgency Rep. Mark Batinick (R-Plainfield) says the General Assembly should have been feeling all along.
The chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.
Property owners in Illinois are the hardest hit in the nation when it comes to taxes. And the property tax burden coupled with falling home values is crippling homeowners and leading many Illinois families to deduce that buying a home in Illinois just isn’t worth it.