Just a few months ago, the big education news in Illinois was Gov. Pat Quinn’s proposed $400 million cut to the General State Aid for Education budget – the state’s single-largest education expenditure. This article in the Chicago Tribune captured the frantic pleas of school boards, administrators and teachers at the time: Roger Eddy, a former state...
Like many, we are disappointed that pension reform was not enacted during the spring legislative session. But make no mistake: the Madigan and Cullerton pension proposals were not pension reform. Taxpayers should be relieved they did not pass. Right now, the job of Illinois government is to provide for the well-being of all the people....
When Corri McFadden thinks about the future and growing her business, it always includes Illinois.
by Ted Dabrowski and Paul Schumacher In 2011, when Illinois legislators passed the largest income tax increase in the state’s history, they promised to roll back the increase beginning in 2015. “We have some temporary tax increases that are designed to pay our bills, get Illinois back on fiscal sound footing and make sure that our state...
by Paul Kersey So, here we are again, scrambling at the last minute to evaluate a complex document that accounts for billions of dollars of state employee wages. In March of this year it was the tentative agreement between Gov. Quinn and the American Federation of State, County and Municipal Employees Council 31. The challenge...
The Illinois General Assembly increased spending to more than $35.4 billion, up approximately $2 billion from what was approved for the current fiscal year. The budget handouts being passed around the Statehouse describe this as an “honest budget,” the same language Gov. Pat Quinn used when he proposed his version of a budget back in March....
by Ben VanMetre A few years ago there was a popular narrative in Illinois politics about going through the budget line by line and eliminating wasteful spending. Those efforts, of course, never moved forward, and the narrative is dead. That’s a common theme in Springfield, where lawmakers make promises they don’t intend to keep. It...
by Kristina Rasmussen House Bill 3637 introduced by state Rep. Barbara Flynn Curre would take the cap on registration fees for electric vehicles from $17.50 a year to $222 — 1168% increase!
If you’re not already disgusted by the budget implementation bill that passed today (shrubbery, Amtrak, grant unaccountability), try this on for size. The General Assembly hid ObamaCare-related Medicaid spending so that it doesn’t show up in the General Revenue Fund budget. A budget amendment hides “all federal matching funds” received to pay Medicaid costs for “individuals eligible for medical...
Health care On Memorial Day, the Illinois General Assembly passed Senate Bill 26, which drastically expands the state’s Medicaid program and is one of the key provisions of implementing ObamaCare. During yesterday’s Senate floor debate, state Sen. Heather Steans, D-Chicago, presented the bill that appropriates the funds for fiscal year 2014’s human services budget. Steans admitted that the...
In what’s become a habit for Moody’s Investors Service, the credit rating agency warned today that Illinois faces more credit downgrades if it fails once again to reform its state-run pension systems. The state already has the lowest credit rating in the nation. This means Illinois pays more to borrow money than any other state. But what’s...
A “cost shift” pension plan was introduced today, Senate Bill 1687 Amendment #2, for the State Universities Retirement System, or SURS. Here are the ins and outs of the plan: What the cost shift does: A significant driver of Illinois’ $97 billion pension crisis is the fact that the state makes pension contributions to SURS...
by Diane Cohen Under a 2010 amendment to the Patient Protection and Affordable Care Act, or PPACA, authored by U.S. Sen. Charles Grassley, R-Iowa, congressional leaders and their staffers are required to purchase health insurance from an ObamaCare exchange. Turns out Congress is having second thoughts. With the individual mandate set to take effect on...
by Paul Kersey So what exactly do government worker unions do? Along with negotiating contracts and lobbying politicians, they help create loads of debt. The Massachusetts-based Beacon Hill Institute has done some sophisticated analysis of state-level economic performance, and the results indicate that government unions tend to go hand in hand with high government debt....