McHenry County was one of the 10 Illinois counties seeing the greatest loss of residents moving to other states between July 2015 and July 2016, according to a U.S. Census chart tweeted by an independent public policy group 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.
The Illinois Policy Institute is proposing a budget conservative group leaders contend would put an end to the state’s nearly two-year impasse, closing a $7.1 billion deficit without adding any new taxes.
There's a certain hypocrisy to House Speaker Mike Madigan (D-Chicago) accusing Republican Gov. Bruce Rauner of holding the budget process hostage for his wealthy friends and big business in general, a radio talk show's co-hosts said recently.
After Illinois’ personal income tax was hiked just 2 points — from 3 to 5 percent — in early 2011, a record number of residents packed their bags, revealing what the Illinois Policy Institute termed “wealth flight.”
Invoking an old wives’ tale referring to ambivalent, “average" amphibians, the Chicago Tribune recently created an analogy between disinterested Illinois taxpayers and a hypothetical pot of frog stew to illustrate the state’s simmering fiscal status.
A U.S. Census Bureau report released this week reveals that between July 2015 and July 2016, Illinois lost 114,144 residents -- a net loss of 37,508 when arrivals are factored in -- a record high for the state.