Illinois credit downgrade prompts delay of bond sale
Illinois credit downgrade prompts delay of bond sale
This morning Illinois was forced to delay a $500 million bond sale essentially, borrowing $500 million to finance state government operations. The delay was due to a drop in lender confidence in Illinois credit worthiness.
Institute in Daily Herald: District’s tab for weekend in Chicago was $13,756
Institute in Daily Herald: District’s tab for weekend in Chicago was $13,756
Those were part of a $13,756.20 tab from a weekend trip to a downtown Chicago conference for seven school board members and five administrators of the two-school district in November.
U.S. GDP contracts for first time since 2009
U.S. GDP contracts for first time since 2009
Economy shrinks for first time since recession ends
Quinn owns 11 of Illinois’ 20 credit downgrades
Quinn owns 11 of Illinois’ 20 credit downgrades
Standard and Poors Rating Services just dropped Illinois credit rating to A- from A. There is not another state in the union with credit as lousy as ours. We are worse off than California.
School choice gives parents, students the freedom to flourish
School choice gives parents, students the freedom to flourish
Choice means giving parents the right to decide which educational option is best for their children, whether it be public schools, charter schools, private schools, online learning or homeschooling.
Bailing out state pension systems rewards bad behavior
Bailing out state pension systems rewards bad behavior
Over the weekend, the Peoria Journal Star published a letter to the editor from an elementary school principal in downstate Illinois.
Institute on WAND TV: Illinois’ addiction to pork
Institute on WAND TV: Illinois’ addiction to pork
Institute policy expert, Jonathan Ingram, joined Doug Wolfe on WAND TV to discuss Illinois’ addiction to wasteful spending. Check our Piglet 2012 for examples of pork in Illinois. MUSEUM CAPITAL PROJECTS ABRAHAM LINCOLN MEMORIAL GARDEN FOUNDATION, INC. (Sangamon County) – $82,433. Renovation of the Ostermeir Farmhouse to add handicap accessible features, waterproof basement, replace carpet,...
Without real reforms, Illinois’ credit downgrades will just keep coming
Without real reforms, Illinois’ credit downgrades will just keep coming
On Jan. 25, Standard & Poor's Ratings Services downgraded Illinois' credit to A- from A.
Back room collective bargaining deals leave taxpayers in the dark
Back room collective bargaining deals leave taxpayers in the dark
The time for passing a Truth-in-Collective Bargaining Act is long overdue.
By Brian Costin
Institute on Fox Business: Ted Dabrowski talks Illinois’ credit downgrade on Varney & Co.
Institute on Fox Business: Ted Dabrowski talks Illinois’ credit downgrade on Varney & Co.
The Institute’s Vice President of Policy, Ted Dabrowski, joined Varney & Co. on Fox Business to discuss the S&P’s latest downgrade of Illinois’ credit to A-Minus the eleventh credit downgrade since Gov. Quinn assumed office in 2009.
Institute in Daily Herald: Defined benefit plans cannot be sustained
Institute in Daily Herald: Defined benefit plans cannot be sustained
Daily Herald published the following opinion piece by the Institute’s Vice President of Policy, Ted Dabrowski: Many civic groups are calling for the legislature to do something ? anything ? on pension reform. That’s fool’s advice. Instead, they should call on lawmakers to do the right thing. That means a defined contribution system. It’s the...
School Choice Week
School Choice Week
Josh Dwyer Director of Education Reform National School Choice Week is centered on the belief that parents should be empowered to choose the best educational environments for their children From Friday, January 22 to Saturday, February 2 organizations around the country will be sponsoring events related to promoting school choice. Celebrate and promote the ongoing...
Dropping out of pensions
Dropping out of pensions
State law doesnt allow for the lawmaker, who entered the upper chamber in 2008, to drop out of the system.
No pay for Illinois lawmakers until the state pays all of its past due bills?
No pay for Illinois lawmakers until the state pays all of its past due bills?
What would happen if state officials had their paychecks suspended until the state paid all of its past due bills? State Rep. Charlie Meier, R-Okawville, thinks it would help the Illinois Legislature find a solution to the state's budget problems.