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Published bySybil King Modified over 8 years ago
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State Senator Matt Murphy 27 th Senate District SPRINGFIELD UPDATE: SPRING 2016 State Senator Matt Murphy 27 th District
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JOB GROWTH: MARCH 2001 – MARCH 2016 Illinois -33,700 *The nation as a whole has added 11,022,000 jobs over the same period.
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UNEMPLOYMENT RATE CHART Nationally, per BLS, Illinois ranks 48 th. Bureau of Labor Statistics
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LAGGING JOB GROWTH According to the Bureau of Labor Statistics, Illinois’ job growth lags behind surrounding states.
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MANUFACTURING JOB LOSS Illinois’ manufacturing performance also trails behind competing states, as Illinois was the only Great Lakes manufacturing state to lose factory jobs in 2015.
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ILLINOIS’ SHRINKING POPULATION Census data shows that Illinois was the only state in the region with a shrinking population.
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SHRINKING POPULATION CONT. Illinois witnessed the greatest loss of taxpayers and dependents among all the Midwestern states over the past four years.
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PROPERTY TAX RATES The Tax Foundation found Illinois to have the second highest property tax rate in the nation.
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ILLINOIS RATE RANKING SINCE 1994 2014 findings by the Oregon Department of Consumer and Business Services
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2014 PREMIUM PER $100 PAYROLL IN COMPETING STATES 2014 findings by the Oregon Department of Consumer and Business Services
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HISTORICAL UNFUNDED PENSION LIABILITIES, FY2000-FY2015 613% INCREASE OVER FY2000
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ILLINOIS’ PENSION CRISIS In 2015, the Illinois Supreme Court struck down a pension reform law. Illinois’ unfunded pension liability has now reached $111 billion. That breaks down to more than $8,000 per resident. The newest figure is up from about $105 billion in 2014 and about $98 billion in 2013. Including debt service on pension bonds, liabilities reach $130 billion. Years of missed pension payments and mismanagement resulted in our current pension crisis.
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THE BUDGET
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WHERE DOES THE STATE GET ITS GRF REVENUE?
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FIVE AGENCIES CONSUME OVER 80% OF APPROPRIATED SPENDING.
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WHERE DOES THE FY16 BUDGET STAND TODAY?
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CONTACT MY OFFICE E-mail: SenatorMattMurphy@gmail.com SenatorMattMurphy@gmail.com Call: ( 847) 776-1490 District Office: 1 East Northwest Highway, Ste. 109 Palatine, IL 60067 Website: senatormattmurphy.com
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