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Chicago was an amazing, exciting city when my family relocated to the area in the mid-1980’s. “Da Bears” were Super Bowl champions, the Bulls had drafted a player out of North Carolina named Michael Jordan, who showed some real promise, the economy was relatively strong, and Ferris Bueller showed the nation how much fun could be had in the city.
But there was a cancer growing. Underfunded pensions, high taxes, crime, poorly performing schools, and yes, the weather caused many people to consider leaving both Chicago and the state of Illinois. And now they are… in droves.
“Illinois’ population declined by 113,776 from July 1, 2020, through July 1, 2021. No other Midwestern or neighboring state saw a population decline of more than 17,000,” according to the Illinois Policy Institute. In fact, 2021 marked the eighth consecutive year that Illinois saw a decline in its population.
With the country’s highest tax rates, second-highest property taxes, second-highest gas tax, and nation-leading pension debt, Illinoisians are voting with their feet.
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Sadly, it is the state’s highest income earners and highest educated residents who are leaving. This drains the tax base and puts a heavier burden on less-educated, poorer residents who simply may not be able to afford to move.
I made the decision to leave Chicago in January 2022. I was headed for the red clay of Georgia. I had picked out my new house and had my eyes on a brand new bass boat. I was going to live the life I thought I wanted.
In addition, major corporations are now heading for greener pastures. Boeing, Caterpillar and Citadel are leaving the state. That means, according to iOptimize Realty, Illinois is losing “3 of the 35 Fortune 500 companies…
Source : foxnews