Illinois Residents Are Leaving in Droves

It's no secret that Illinois has the second highest property tax rate in the country. As a result, people move to other states in search of a lower cost of living and more opportunities for employment. A 2014 Gallup poll revealed that a whopping 50% of Illinois residents want to leave the state. Some already have left. According to the Chicago Tribune, Illinois lost 94,956 residents last year. That's about one resident every five minutes! High out migration comes at a cost. When this happened in 2009, the Illinois Policy Institute estimates that people took their money with them and in that year alone, the state lost 1.5 billion dollars in taxable income. Along with losing additional revenue, Illinois could potentially lose a congressional seat after the 2020 Census. 

Read more on the Chicago Tribune website.