A 10 Percent Reduction in Local Aid Would Be a Hit for Municipalities, But Problems Run Deeper

By: Christopher Ryan Crisanti The final two months of the General Assembly spring session normally shifts public conversation towards the upcoming fiscal year budget, with lawmakers needing to pass a budget based on the governor’s proposals. While economic activity seems to be picking up due to the COVID pandemic end in sight, state revenues haveContinue reading “A 10 Percent Reduction in Local Aid Would Be a Hit for Municipalities, But Problems Run Deeper”

Illinois’ GDP

A Look at the State’s GDP Performance Overview The state of Illinois is currently the sixth most populous state, is the economic engine of the Midwest, and has the fifth highest GDP in the Union. Moreover, Illinois’ economy is so big that is the equivalent to that of Switzerland. This blog provides a snapshot ofContinue reading “Illinois’ GDP”

Analyzing State Population Growth Among Various Income Tax Structures

Abstract While it was previously argued that gradual income taxation did not decrease population growth in Wisconsin, Iowa, and Minnesota, some still remain fixated that graduated income taxation will result in an outmigration of individuals to other states. This brief study analyzes population growth for each state from 2010 to 2019 and then seeks toContinue reading “Analyzing State Population Growth Among Various Income Tax Structures”