From state State Senator Chris Balkema:(representing communities along Route 66, including Dwight and Pontiac:
IRS: Illinois lost $6 billion to outmigration in 2023
Illinois continued to see significant population and income outmigration in 2023, according to IRS data highlighted by the Illinois Policy Institute.
More than 55,000 residents left the state, resulting in an estimated $6 billion in lost adjusted gross income.
Much of the departure was driven by working-age individuals and higher earners relocating to states like Florida, Texas, and nearby Midwestern states, contributing to ongoing concerns about Illinois’ competitiveness in retaining residents and its long-term tax base.
Read more here.
