K-12 Tax & $pending Climate: Illinois Pension Debt

Lewis Pennock:

The state has struggled to add jobs and its public pension debt has ballooned to nearly $150 billion. Meanwhile, its population has declined, hurting tax income.

Conservative thinktanks have now grouped Illinois with other blue states like New York and California, which have also faced an exodusamid issues ranging from immigration to crime.

‘Unemployment rates are very high; wage growth is lagging compared to most other states,’ said Bryce Hill, the director of fiscal and economic research at the Illinois Policy Institute.

Hill told the Daily Caller: ‘The Census Bureau has reported that residents are leaving the state en masse to the tune of hundreds of thousands every single year, so much so that the state’s population has actually been declining for the past 10 years.