The Spring 2019 Edition of ILEPI’s newsletter, Illinois Insights, has been released.
The Illinois Economic Policy Institute (ILEPI) has released the Spring 2019 Edition of our quarterly newsletter, Illinois Insights. In this issue, we tell you what we have been up to during our last quarter. Illinois is on the verge of change. A flurry of new policy initiatives– on taxes, healthcare, infrastructure, and more– are moving in the legislature. ILEPI was built for moments like these.
In addition, the Spring Edition of Illinois Insights highlights ILEPI’s peer-reviewed study on the effects of 8 different scenarios for adopting a progressive income tax – also sometimes referred to as a “graduated-rate” or “fair” income tax – in Illinois. Illinois is one of only eight states that has a flat-rate income tax system. What are the economic impacts of Illinois adopting a progressive income tax?
As always, we updated Illinois’ economic indicators. The State saw an increase of over 59,000 jobs from February 2018 to February 2019. In addition, average private sector hourly wages grew by 5% over that time, the 4th-fastest in the nation.
Be sure to check out the Spring 2019 Edition!
Cover image from Flickr Creative Commons User, Jeff Kubina (2007).