budget

Is pension reform dead in Illinois?

09/19/2014
In June 2014, in response to attempts by the state to reform government-worker health-care costs, Illinois’ Supreme Court found these benefits to be protected by the state’s pension clause ­– even though retiree health-care benefits are nowhere to be found in the state pension code. As a result, many assume that if the state can’t...

TAGS: budget, pensions, taxes

By 2029, Illinois will spend more on pensions than education

By Benjamin VanMetre
09/02/2014
Hardworking Illinois families and entrepreneurs are just four months away from tax relief. The state’s personal income tax rate is slated to drop to 3.75 percent from 5 percent in January 2015. But a number of lawmakers and special-interest groups don’t want to let that happen. Tax-hike advocates across the state argue that Illinois needs...

TAGS: budget, Chicago, income tax, pensions