President Obama and Congressional leaders will receive a letter from Illinois this week. Washington is urged to not bail Illinois, or any other state, out of debt. Last May, Senator Mark Kirk introduced a resolution in the U.S. Senate to put end federal bailouts of states. His reasons were simple and clear. The Federal government...
This is the Illinois Policy Institute’s fourth annual alternative vision for Illinois. In this report, we’ve charted a path that significantly reduces the state’s backlog of bills without borrowing and without new taxes, while meeting its pension liabilities. In addition, the state returns billions of dollars to taxpayers by repealing the January 2011 tax hikes....
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by Peter White, Liberty Justice Center Residents of Illinois are dying a death by a thousand cuts. Municipalities are finding ever more creative ways to raise revenue: fees, fines and taxes. The trouble for some localities such as the City of Chicago is collection. Now, however, they’ve found something new: the City is going to...
This week, Gov. Quinn submitted his budget proposals for fiscal year 2013, which starts July 1, 2012. The governor said that the state’s “rendezvous with reality has arrived.” But while the governor recognized the state’s problems, he offered few concrete reforms on how to solve these problems. Below is the Institute’s commentary on Gov. Quinn’s...
by Taylor Smith It’s no secret that Illinois’ record income tax hike has failed to revive Illinois’ fiscal health. But it also has dramatically exacerbated the state’s economic outlook on many levels. Since the tax hike, Illinois’ unemployment numbers have worsened. In 2011, Illinois’ unemployment rate increased most in the nation – by far – with 46...
John Tillman, CEO of the Illinois Policy Institute, spoke with John Cody on WBBM about the new city measure to intercept state income tax refunds from scofflaws.
by John Tillman Below, you will see a link to my brief response to Gov. Quinn’s 2012 State-of-the-State speech presented at noon today in Springfield. The overarching theme with the Governor’s speech is that Illinois is moving forward and is “back on course.” How does that square with the people of Illinois? Actually, 74% say the...
It's time for honest answers about Illinois' record income tax hike.
A new pension calculator allows individuals to see just how generous government employee pensions really are.
One year after Illinois’ Democratic leaders pushed through a record tax hike, the grades are in. The tax hike flunked. It failed to put Illinois on sound fiscal footing. It failed at restoring confidence in government’s ability to meet serious challenges head on. It failed to strengthen the state’s economy. It failed to create opportunity...
Enough is enough! If you want to join the battle to turn around the State of Illinois then here's 7 ways to help repeal the 2011 income tax hike in Illinois.
The expense of retirement benefits is overwhelming many areas of the state budget.
The problem Illinois is facing a fiscal crisis. The expense of retirement benefits is overwhelming many areas of the state budget. Lawmakers have known of this situation for years, but thus far have not adopted a comprehensive solution. The state faces an $85 billion unfunded liability to its pensions systems. It owes another $45 billion...