Institute on ABC 20: Auditor position vacant at 3 out of 5 state pension funds
Institute on ABC 20: Auditor position vacant at 3 out of 5 state pension funds
Illinois Policy Institute Executive Vice President, Kristina Rasmussen, appeared on ABC 20 to discuss the Auditor General’s report, which found that Illinois’ unfunded pension liability grew nearly $12 billion in fiscal year 2012. The unfunded liability in the state’s retirement systems has ballooned by nearly $12 billion in the last budget year. That’s according to...
Taxpayers feel the pinch, as Illinois spends
Taxpayers feel the pinch, as Illinois spends
Is your wallet a little thinner these days?
NANNY STATE: Chicago Alderman Burke decides energy drinks aren’t good for you
NANNY STATE: Chicago Alderman Burke decides energy drinks aren’t good for you
Aside from crime, spending and transportation, Chicago leaders are looking to take a hard line on energy drinks
Squeezy cost $23; pension inaction costs $21 million per day
Squeezy cost $23; pension inaction costs $21 million per day
An open records request to the governor's office revealed the only new cost for the entire website was a $23 purchase to reserve domain names at GoDaddy.com.
By Matt Paprocki
Institute on Fox Business: Ted Dabrowski discusses one in three Illinois residents living at or near poverty
Institute on Fox Business: Ted Dabrowski discusses one in three Illinois residents living at or near poverty
Illinois Policy Institute’s Vice President of Policy, Ted Dabrowski, joined Varney & Co. on Fox Business to discuss poverty in Illinois — one in three residents lives at or near poverty.
Contagion 2.0: Did you really think it was over?
Contagion 2.0: Did you really think it was over?
The holidays are over and kids have been back in school for weeks. But students in Grayslake District 46 are back at home now that teachers are on strike.
Illinois’ balanced budget rule not worth the paper its written on
Illinois’ balanced budget rule not worth the paper its written on
Gov. Pat Quinns Office of Management and Budget recently released its three-year budget projections for Illinois General Fund. According to the report, Illinois will end fiscal year 2013 with a $242 million budget surplus.
By Benjamin VanMetre
CPS free lunch program plagued by fraud
CPS free lunch program plagued by fraud
Illinois education financing system is rife with poorly designed policies.
When it comes to pensions, Illinois faces lack of leadership
When it comes to pensions, Illinois faces lack of leadership
We keep looking for leadership and we keep ending up with politics.
2013 budget projections show Quinns true colors
2013 budget projections show Quinns true colors
How confident do you feel that Illinois will be able to pay its bills in 2013 and beyond?
Businesses could face higher rates with progressive tax
Businesses could face higher rates with progressive tax
Learn more about the disadvantages of a progressive income tax.
State employee pension fund sees dismal 2012 returns
State employee pension fund sees dismal 2012 returns
Although the pension fund for state employees predicted it would earn $850 million in fiscal year 2012, it actually earned less than $6 million. The fund posted an investment return of just 0.05 percent, far below the 7.75 percent it expected.
Institute in Crain’s: Springfield’s latest pension fumble was a win for taxpayers
Institute in Crain’s: Springfield’s latest pension fumble was a win for taxpayers
This was the running theme during Illinois' recent lame duck session: Pass anything.
Two-year anniversary of 2011 tax hike nothing to celebrate
Two-year anniversary of 2011 tax hike nothing to celebrate
Two years ago, the average family started forking over an additional $1,500 from their annual pay due to higher taxes.
By Benjamin VanMetre