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Stories by Orphe Divounguy and Bryce Hill, Illinois Policy Institute on Cook County Record

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Saturday, April 26, 2025

Orphe Divounguy and Bryce Hill, Illinois Policy Institute News


With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation

By Orphe Divounguy and Bryce Hill, Illinois Policy Institute |
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on those most likely to leave.

Illinois home values down 21%, property taxes up 9% since 2007

Without serious property tax relief – including pension reform – it is likely fewer will demand planting roots in Illinois.