Mayor Brandon Johnson has moved on from his failed tax hike and found a good answer to Chicago’s housing affordability issue. His “Cut the Tape” proposal would streamline the housing and commercial development process, increasing the supply and affordability.
Illinois cities and villages could reduce from months to just days the time it takes to issue permits for new residential and commercial construction. Phoenix saw housing units increase 10% in a decade by cutting costly delays.
House Bill 5608 would allow professionals with out-of-state licenses or experience to work in Illinois and help residents with certifications from other states to work. Universal licensing was already adopted by 22 other states.
10 of the 13 Illinois metro areas added jobs from January 2024 to February 2024, led by the Chicago-Naperville-Elgin area. Five still reported fewer jobs than prior to the pandemic.
Illinois’ unemployment rate tied for 3rd worst in the nation in February 2024 after a decline in the number of jobs statewide during the past 12 months. Illinois continues to lag the nation and all its neighbors in job growth.
While Cook County experienced the largest decline, less-populous Illinois counties were losing people at the fastest rate last year.
Illinois’ population decline crisis has now spread to every major metropolitan area in the state. Chicago continued losing residents in 2023.
Illinois’ population decline crisis continues to affect virtually all counties despite fewer losses in 2023. Cook County saw nation’s second-highest number of residents moving out.
Six of the 13 Illinois metro areas still reported fewer jobs than prior to the pandemic. Six metros added jobs from December 2023 to January 2024, led by the Champaign-Urbana area.
Illinois’ unemployment rate ranked fourth worst in the nation in January 2024 after a decline in the number of jobs statewide during the past 12 months. Illinois continues to lag the nation and all its neighbors in job growth.
A WalletHub study found low-income Illinoisans pay 14% of their annual salary to sales, property and incomes taxes – more than anywhere else in the nation. The state’s middle- and high-income earners weren’t much better off.
This episode of The Policy Shop is by Director of Policy Research Joseph Tabor. During the social turmoil of the 1960s, a happy, dancing pop group emerged to emphasize unity and harmony: Up With People. “If more people were for people, All people ev’rywhere, There’d be a lot less people to worry about, And a...
Illinois will celebrate this Valentine’s Day knowing it broke up with 364,443 people since 2020. While they moved out for now, lower taxes could win them back.
2023 data on Illinois’ labor market gives cause for both concern and hope as state emerges from pandemic job losses.