Sign Up for Our E-Newsletter   

Summer 2013 Compass quarterly magazine is here
6/19/2013
Capitol Updates: Special session
6/19/2013
Bill Daley acknowledges depth of union politics
6/19/2013
OfficeMax seeks Illinois tax break
6/19/2013
Institute on Fox Illinois: Potential For Compromise On Pension Reform Unclear
6/19/2013
Institute on ABC 7: Illinois' $17-million-a-day pension crisis, by the numbers
6/19/2013
Daily Links for June 19
6/19/2013
Chicago Public Schools looking for cash can start by ending teacher pickups
6/19/2013
State should stop redistributing tax dollars to locals in favor of broad tax relief
6/18/2013
Institute on ABC 20: Potential For Compromise On Pension Reform Unclear
6/18/2013
Sneak peek at special session
Share |

12/30/2012

Jane McEnaney
Policy Outreach Manager






Key issues that we expect to be brought up during January’s special session, before the newly elected lawmakers are inaugurated on Jan. 9, 2013, include: a minimum wage increase and making the income tax hike permanent, something Illinois cannot afford. Gov. Pat Quinn has expressed his willingness to increase the minimum wage in exchange for an expansion of gaming. 

Other pieces of legislation that the Illinois Policy Institute’s Government Affairs team and policy experts are closely monitoring and anticipating potential movement on during special session are a bill that would authorize $4 billion in bonding to pay down the state’s $9 billion stack of unpaid bills and a Satellite TV tax.

Special session was originally scheduled for Jan. 3 through Jan.8, but Senate President John Cullerton has confirmed that the Senate, scheduled to convene on Jan. 2, may not meet until Jan. 6 because “there simply might not be enough legislation to keep the chamber occupied.” 

You may recall Quinn’s push to pass pension reform during a special session in August. It failed. It was a day for politics, not solutions. And the cost of our legislators’ inaction is profound: the state loses $21 million every day that substantive pension reform is not passed.

Again, the governor has stalled on pension reform. Currently there is only one bill on the table regarding pensions, which has not received the support of leadership. Because it is a lame duck session, bills with immediate effective dates only require a simple majority to pass. With a lack of agreement on any pension bills, it seems less and less likely that pension reform will take place at all.   

During veto session, members of the Illinois House unveiled a new pension reform proposal. The Institute attended the press conference and released a statement on the proposal, which commends the members for putting forward a bill, although the solutions offered are not bold enough given the magnitude of the problem. Unfortunately, these legislators are proposing more of the same.

Illinois has the worst-funded pension system in the nation and the credit rating agencies aren’t letting us forget it.

Perhaps passing real, comprehensive pension reform will be the New Year’s resolution for Illinois’ 97th General Assembly – but don’t hold your breath.


Post a Comment


Type in the characters that you see in the above picture
*Name:
*Email:
*Comments:
*required
Illinois Policy Institute Privacy Policy | © Copyright 2013, Illinois Policy Institute