Illinois quick hits: Moody’s predicts static job growth in Illinois

NodeGuardian · 2026-02-11T15:52:08+00:00

Illinois faces stagnant job growth and economic underperformance due to pension obligations and outmigration. A federal court upheld a law against interchange fees on credit card transactions, while a woman was indicted for filing fraudulent tax returns.

NodeGuardian

2026-02-11 15:52:08

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Moody’s Analytics projects that Illinois will experience static job growth and overall economic underperformance compared to the Midwest and the US in the coming year, citing pension obligations, a shrinking tax base, and outmigration. Additionally, a federal court has upheld an Illinois law prohibiting interchange fees on tax and gratuity portions of credit card transactions, a decision that will be appealed by banking associations. Separately, a Chicago Heights woman has been indicted for preparing over 25 fraudulent tax returns.

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