Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Illinois could put $708 million more toward classrooms or property tax relief if it reduced school district bureaucracy to national average.
The Illinois General Assembly passed over 600 new laws in 2019. Some helped taxpayers, but many more hurt as they spent $85 billion while doing little to fix the pension crisis.
Illinois’ pension crisis is the nation’s worst. Maybe that’s because elected officials take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.
Illinois Senate President John Cullerton is championing a bill to merge more than 640 local police and fire pension funds into two investment pools. With lawmakers returning to Springfield for veto session, action on the bill may be near.
If Illinois groups could come together to bring the same enthusiasm and support to a constitutional amendment, the state could fix its pension problem once and for all.
Illinois’ overabundance of local government layers provides ample room to consolidate and save property taxes.
A new law relaxes requirements for McHenry County voters looking to dissolve their townships by referendum, clearing a path toward greater efficiency, less waste and lower property taxes.
Former Gov. Bruce Rauner vetoed a bill that would have made it easier for McHenry County residents to consolidate their townships. Renewed bipartisan support has sent it back to the governor’s desk, now occupied by Gov. J.B. Pritzker.
The Illinois House of Representatives passed the Classrooms First Act by a unanimous vote March 28. If it becomes law, students, teachers and taxpayers will benefit.
Illinois townships often spend more on administration than services when they cover the same territory as a local municipality. One bill would make it easier for voters to change that.