by Amanda Griffin-Johnson In the Examiner last week, I outlined how Illinois’s credit rating fell as it continually failed to address the state’s dire fiscal condition. The state’s credit swap costs surpassed California’s, and now the costs have reached record highs. Bloomberg reports that the “cost of an Illinois credit-default swap has more than doubled since April 5 to a...
The Problem Illinois’s minimum wage, already high at $8.00 an hour, is set to increase by another 25 cents on July 1, 2010. This ill-timed hike in the minimum wage will hurt low-skilled workers and the small business owners who want to employ them. With each of Illinois’s neighboring states having a lower minimum wage,...
The Problem Every day, businesses from across Illinois compete in the marketplace. They work to make their products better, their costs more competitive, and they invest in employee training to boost productivity. Some companies, however, receive help from the state to foot their training costs. How? Through the Employer Training and Investment Program (ETIP). According...
According to our transparency website, IllinoisOpenGov.org, the State of Illinois paid 41 public administration interns $736,463.01 in fiscal year 2008 in combined total wages, with the highest paid intern being paid $52,914. The average public administration intern was given an annual salary of $17,962.51. According to the Illinois Central Management Services website, public administration interns “function in an...
by Brian Costin Private sector employment fell during the 2000’s and was 3 percent lower in 2010 than it was in 2000. Public sector had no such difficulties. This graph originally posted on the Cato @ Liberty blog shows how public sector employees have show strong growth over the last decade, especially on the state & local level....
Charter school lotteries are appearing in more movies lately. The scenes are made for the medium, parents hoping that blind luck will give them a chance at a better school. Movies such as The Lottery, Waiting for Superman, and The Cartel will be spreading to screens across Illinois. So, coincidentally, are charter school lotteries themselves....
by Kristina Rasmussen You read last week about Illinois’s dubious race to the bottom with California, Iraq, and Iceland for the status of “riskiest borrower.” Have we always been such a fiscal basket case? No. Senate Republican staff took a closer look at our state’s history of rating downgrades. It turns out that Illinois has only been downgraded...
by Kristina Rasmussen The Medicaid transparency bill championed by Rep. Patti Bellock and the Illinois Policy Institute was signed into law by Governor Pat Quinn! The bill authorizes the Director of the Department of Healthcare and Family Services to create an online transparency portal like South Carolina’s website — let’s ask the Director to build onsunshine.illinois.gov and create one without delay. Director Julie...
by Amanda Griffin-Johnson At end of May, the Illinois General Assembly adjourned without addressing how to pay for the $6 billion in unpaid bills and required $3.7 billion pension payment for next year. But both houses did have time to pass House Bill 0859. The bill’s synopsis as introduced states that the bill: “Appropriates $1,000,000 from the General...
That is about how much it would cost to close the US budget deficit for 2010. Using data from the Tax Foundation, Veronique de Rugy of the Mercatus Center has created a chart which shows the average increase in tax burden per taxpayer required to balance the annual federal budget. The cost to close the...
by Will Compernolle According to our transparency website, IllinoisOpenGov.org, the State of Illinois paid 28 Liquor Control Special Agents $1,418,421 in fiscal year 2008. The chairman of the committee was paid a salary of $56,685.71. According to the Illinois Department of Central Management Services website, Liquor Control Special Agents are meant to “conduct field investigations concerned with the...
by Will Compernolle The Illinois Department of Commerce and Economic Opportunity (DCEO) gave an $873,700.00 grant (#09-463009) in fiscal year 2009 to Unytite Inc.for “equipment that will enable the company to produce the larger nuts and bolts used in construction of wind turbines.” The DCEO’s grant tracker explains “these larger bolts (up to 48mm in diameter) are beyond...
by Heather Wilhelm “Nearly half of American adults see the government today as a threat to individual rights rather than a protector of those rights,” reports a new Rasmussen poll released today. Fifteen percent are undecided. You can read the poll results, along with Rasmussen’s analysis, here.
by Ashley Muchow Eastern Illinois University will borrow up to $7 million to cover university expenses up to August as it eagerly anticipates $19 million in overdue state appropriations. Early this month Governor Quinn signed into law an amendment to Senate Bill 0642 allowing Illinois’s nine public universities to take out loans to cover three quarters of what the...