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illinois policy institute

Most Illinois communities still losing population

McLaughlin said it’s not just smaller cities in Illinois seeing people leave, Chicago also lost more than 27,000 residents in 2024 compared to April 2020 levels. #population

Calls to freeze IL’s annual gas tax increase set to go up again July 1

Revenue generated from motor fuel taxes is primarily dedicated to funding transportation-related infrastructure, but Ravi Mishra, policy analyst with the Illinois Policy Institute, said Illinoisans are not getting their money’s worth. #gas

Illinois Residents Will Soon Pay More For Everyday Items Such As Gas And Groceries

Higher fees hurt Illinois residents who are already facing some of the highest property taxes in the nation, according to Hill. #gastax #grocerytax

Some Say Illinois’ High Cannabis Tax Rate is Costing State in Revenue

In March, Illinois generated $135 million from legal cannabis sales as the state implemented a tax rate of 25% of the purchase price of marijuana. In 2022, Illinois generated $445 million in tax revenue from legal cannabis sales.

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