Recent U.S. Census data underscore a grim reality for the biggest blue states: More people are leaving states such as California, New York and Illinois than moving to them. These migration patterns have huge consequences for state budgets: New York’s tax base, for example, decreased by $19.5 billion in 2020, while California saw $17.8 billion leave that year and lllinois lost $8.5 billion.
America’s Priciest Neighborhoods Are Changing as pension money moves to Florida.Ex Illinois residents are creating a real estate boom in Florida. Lots of cops, teachers, and firemen on huge pensions driving up the market prices. All Thanks to Illinois taxpayers.
The good news for you will only have to pay them for another 40 or 50 years.
87Saluki
3 years ago
Count us in (out) when obligations here are completed.
Giddyap
3 years ago
Last one to leave Illinois, turn out the lights.
FJB
3 years ago
Low property taxes, 7% sales tax, no surcharge taxes on meals, no state income tax, gas at 3.16 a gallon in Florida. What’s not to love? It’s no wonder all the rstate etirees move here after 40 years of doing no work.
Poor Taxpayer
3 years ago
All of this while the Pension Time Bomb is going off. This is not going to end well for the people who stay in Illinois. Overly generous pensions and lower tax revenue. PPF and the likes of him have destroyed Illinois.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
America’s Priciest Neighborhoods Are Changing as pension money moves to Florida.Ex Illinois residents are creating a real estate boom in Florida. Lots of cops, teachers, and firemen on huge pensions driving up the market prices. All Thanks to Illinois taxpayers.
The good news for you will only have to pay them for another 40 or 50 years.
Count us in (out) when obligations here are completed.
Last one to leave Illinois, turn out the lights.
Low property taxes, 7% sales tax, no surcharge taxes on meals, no state income tax, gas at 3.16 a gallon in Florida. What’s not to love? It’s no wonder all the rstate etirees move here after 40 years of doing no work.
All of this while the Pension Time Bomb is going off. This is not going to end well for the people who stay in Illinois. Overly generous pensions and lower tax revenue. PPF and the likes of him have destroyed Illinois.