COGFA

Business
12:13 pm
Tue April 7, 2015

Are People Really Leaving Illinois In Droves?

The Hilliard family moved out of Illinois. They relocated from suburban Chicago to LeClaire, Iowa.
Credit Tonya Hilliard

Last year, Illinois was one of a handful of states that lost population. More than 90,000 people moved elsewhere.  It became a campaign issue for Governor when then candidate Bruce Rauner criticized the state's lack of friendliness to business. And it has others  throwing up caution flags.   The numbers don't mean mean there is a crisis, or even a real clamor, to leave the state.                     

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Budget FY15
10:27 am
Wed July 9, 2014

Illinois Sees Growth In Tax Revenue, But It Won't Last Long

Credit Hannah Meisel/WUIS

  2014 is only halfway over, but Illinois' new fiscal year just began last week. The state closed out its year with a billion-dollar growth in tax revenue.

The state took in $32 billion in revenue this past fiscal year, more than $7.6 billion of that in sales tax. That's up almost 4.5 percent from last year.

Jim Muschinske, who analyzes revenues for the state's forecasting commission, says that's not amazing, but it's a healthy increase.

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Statehouse
5:00 am
Thu March 27, 2014

Pension Savings Estimate Lowered — But Is It A Big Deal?

Credit Brian Mackey/WUIS

A new report (PDF) says Illinois' pension overhaul will save less money than advertised. Some politicians are trying to make hay out of that. But it might not be such a big deal.

The pension vote came with promises of big savings — $160 billion. Then, after it was already law, a new analysis of the bill said, well, maybe we'll save $145 billion.

This latest report puts savings even lower, at $137 billion.

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