In the wake of Lebron James’ second-straight NBA title and the end of the professional season, free agents across the league are considering their next moves. Some of the biggest names to enter the free-agent fray include the Los Angeles Lakers’ Dwight Howard and New York Knicks sixth-man, J.R. Smith. As these athletes consider their decision, they’ll...
Earlier this week I wrote about Pam Harris, the Western Springs, Ill., mother who is at risk of having a union siphon off state aid money meant to help her care for her disabled son. So how is it that Harris, and so many like her, found themselves treated as employees by the state? Why don’t...
Since last month, gas prices in Illinois have fallen below the $4 mark, dropping by $0.32. But Illinois’ average price per gallon is still almost $0.25 above the national average of $3.48. Chicago’s average price at the pump is even higher – $4.12. Though this is a significant drop from less than a month ago when Chicago had...
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimo’s Pizza, he also cultivates talented employees. He opens his doors to local schools. He helps foster enthusiasm and excitement within his community. That’s because, to Syrkin-Nikolau, business isn’t just about making money. He believes it’s about what he calls “purposeful profit.” “Ultimately, profit is...
Allstate Corp. tops the list of Illinois companies planning layoffs, according to a June report from theIllinois Department of Commerce and Economic Opportunity, or IDCEO. The Northbrook-based insurance company is planning to lay off 348 workers from its Woodridge, Ill., location as part of a restructuring effort to reduce expenses. Under IDCEO’s Illinois Worker Adjustment and...
by Naomi Lopez-Bauman If ObamaCare weren’t already enough of a train wreck, the irony of the U.S. Treasury Department blog post announcing the delay of the ObamaCare employer mandate – titled Continuing to Implement the ACA in a Careful, Thoughtful Manner – would be hysterical. The employer mandate is a provision of ObamaCare that requires employers with 50...
After several months of saying that pension reform inaction by the Illinois General Assembly costs taxpayers $17 million a day, Gov. Pat Quinn lowered that number to $5 million per day for fiscal year 2014. That’s surprising, since no pension reform bill was passed in the recent legislative session and the unfunded liability is still almost...
Employee contributions to the State University Retirement System, or SURS, have gone up by 16 percent since 1998. During the same time period, taxpayer contributions to university worker retirements increased by 333 percent. In 2012 alone, Illinois taxpayers contributed $730 million more to SURS than university employees did. And the disparity between taxpayer and employee...
Illinois resident Pam Harris has a son, Josh, who is 24 years old and suffers from Rubinstein-Taybi syndrome, a rare genetic malady that leaves him moderately handicapped mentally and at the same time affects his joints so that he is prone to dislocations. Josh can move around the house and do simple chores. He’s also...
by Jonathan Ingram The Quinn administration recently released a new projection of how quickly the state’s massive pension debt is growing. As a result, some are celebrating the fact that the governor is predicting that Illinois’ pension debt will only grow by $5 million per day during fiscal year 2014, as opposed to his projection of $17...
by Paul Kersey Barring a dramatic shift, more than 800 Chicago Public Schools employees, many of them dues-paying Chicago Teachers Union members, will be without jobs when schools open in the fall. But CTU, having collected more than $1,000 in dues per year from these people before pricing them out of their jobs, has made plans to help...
by Jane McEnaney On June 27, the Illinois General Assembly’s conference committee on pension reform met for the first time in Chicago. All 10 members of the bipartisan, bicameral committee were present. The committee met for five straight hours, hearing testimony from: Ty Fahner, President, Civic Committee of The Commercial Club of Chicago Jerry Stermer, Acting Director...
by Ted Dabrowski and John Klingner Moody’s Investors Service reported that Illinois’ true unfunded pension liability in fiscal year 2011 was nearly 65% higher than the state’s official estimate. In its report titled “Adjusted Pension Liability Medians for U.S. States,” Moody’s calculated the unfunded liabilities for Illinois’ three largest state-run pension plans at $133 billion, compared...
One of the best protections against corruption is transparency, and in today’s digital age one of the easiest ways for government to be open and accountable is through posting public documents on the Internet. Unfortunately, most Illinois counties need to dramatically improve when it comes to online transparency. The Illinois Policy Institute recently audited all...