State 48
Illinois’ state debt: Illinois’ total state debt is $271 billion Illinois’ state debt has ballooned to $51,000 per household Illinois has roughly $9 billion in unpaid bills Illinois will spend more on pensions than on education by 2016 Illinois’ economic performance: Illinois is 47th in job growth Illinois is 48th in economic outlook Illinois is 48th in...
Illinois’ state debt:
- Illinois’ total state debt is $271 billion
- Illinois’ state debt has ballooned to $51,000 per household
- Illinois has roughly $9 billion in unpaid bills
- Illinois will spend more on pensions than on education by 2016
Illinois’ economic performance:
- Illinois is 47th in job growth
- Illinois is 48th in economic outlook
- Illinois is 48th in economic performance
- Illinois is 48th in net domestic migration
- Illinois is 48th in average workers’ compensation costs
- The rate of entrepreneurship in Illinois has been below the national average every year since 1996, with the exception of 2001
- Chicago is tied with Detroit for the worst entrepreneurship rate among the 15 largest metropolitan areas in the country
- Illinois has had 12 credit downgrades since 2008
- Illinois has more units of local government than any other state in the nation
- Illinois hiked state income taxes by 67%
- Rate of entrepreneurship below national average last 15 of 16 years
- Worst credit rating in the nation
- Illinois has had 12 credit downgrades since 2008
- It will take 43 months for Illinois’ unemployment rate to recover to its pre-recession low, given the current pace of job creation and assuming no growth in the labor force
Illinois’ pensions:
- Illinois has the worst funded pension in the nation
- Illinois’ pension inaction costs the state $18 million per day
- Illinois pension funds need 19 percent annual investment returns in order to pay for the promised benefits
Illinois’ health care:
- Medicaid reimbursement rates are among the worst in the nation
It’s no surprise Illinois loses 1 resident every 10 minutes.