Fitch ‘junk’ downgrade for Chicago Board of Education highlights fantasy bond ratings
Fitch ‘junk’ downgrade for Chicago Board of Education highlights fantasy bond ratings
Chicago will continue to slide down the ratings table.
Madigan files, passes bill to nix lawmaker pay raises after blocking similar bill for weeks
Madigan files, passes bill to nix lawmaker pay raises after blocking similar bill for weeks
Amid the eighth week without a state budget, Illinois political gamesmanship rages on.
Trashed again: Fitch joins Moody’s in declaring Chicago Board of Education credit ‘junk’
Trashed again: Fitch joins Moody’s in declaring Chicago Board of Education credit ‘junk’
If the district can’t get its finances in order, expect more teacher layoffs, school closings and large tax increases on Chicagoans.
Why won’t Illinois lawmakers reform their own pensions?
Why won’t Illinois lawmakers reform their own pensions?
The General Assembly Retirement System is one of the country’s worst-run retirement funds.
Incarceration perpetuates poverty cycle
Incarceration perpetuates poverty cycle
The Illinois Department of Corrections reports that 62 percent of inmates are parents.
What happens when public unions control everything for decades? Just look at Chicago and Illinois
What happens when public unions control everything for decades? Just look at Chicago and Illinois
The status quo has clearly failed residents in the Windy City and statewide.
Quote of the day, July 27
Quote of the day, July 27
Don’t hold your breath, Springfield stoppage could last until 2016
Don’t hold your breath, Springfield stoppage could last until 2016
Political incentives to come to an agreement are few and far between.
Knockout
Knockout
Quote of the day, July 25
Quote of the day, July 25
Chicago pension reform ruled unconstitutional
Chicago pension reform ruled unconstitutional
The Illinois Supreme Court’s precedent has made it impossible for Chicago to stave off bankruptcy by making even the most meager reforms to government-worker pensions.
This must end: Mitsubishi to shut down in Normal, 900 jobs at risk
This must end: Mitsubishi to shut down in Normal, 900 jobs at risk
It’s no mystery why businesses are leaving Illinois.
Quote of the day, July 24
Quote of the day, July 24
6 reforms to address Illinois’ broken criminal-justice system
6 reforms to address Illinois’ broken criminal-justice system
Illinois’ prison system is failing taxpayers and offenders alike. Here are six reforms to start fixing the problem.