Pension costs for state government workers reached an all-time high in 2016, consuming 25 percent of the state’s general budget.1 Today, more than $8 billion of the state’s yearly $32 billion budget goes to pay for pension costs, sapping tremendous amounts of money from social services for the developmentally disabled, grants for low-income college students, and aid to home...View Report
Uncertainty about skyrocketing tuition costs, rising taxes, and other factors are the likeliest culprits of Illinois’ student out-migration crisis.
Springfield lawmakers passed a ceremonial resolution March 8 congratulating the Chicago Cubs on winning the 2016 World Series. But that pat on the back doesn’t make up for the adversarial relationship politicians have held with the Cubs and other professional sports franchises in Chicago.
The city’s latest taxpayer-funded development project reinforces the need to eliminate tax increment financing in favor of honest and transparent city budgeting.
Local governments create TIF districts to encourage development in “blighted” areas; but TIFs often don’t deliver on promised economic benefits, while they do divert tax dollars from other uses and create opaque slush funds for the mayor to reward insider developers.
Vugo is the type of technology startup political leaders often herald as the future of Chicago. But taxi protectionism has forced it to leave town.
Super Sunday sees 239 corrections officers – or 19 percent of the staff assigned to work that day – call in sick despite pleas to officers ahead of time from the Cook County Sheriff’s office.
The new tax on plastic bags is Chicago Mayor Rahm Emanuel’s latest revenue grab.
With Peoria and downstate reeling, the Caterpillar move comes at a time of persistent disinvestment in Illinois manufacturing.
Mayor Rahm Emanuel is spending money promised for rebates on police body cameras, a legal defense fund for undocumented immigrants and other programs.
The Illinois Supreme Court shut down a tax Chicago was imposing on car rentals outside city limits, noting the potentially chaotic nature of the policy.