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    • Illinois Policy Institute
    • Illinois Policy

Chicago student enrollment dropped by 6,000, but union blocks closing schools

By Ben Szalinski
11/22/2019
The new contract continues a moratorium on school closings despite plummeting student enrollment.

TAGS: administration, administrators, Chicago, contract, CPS: Chicago Public Schools, credit rating, CTU: Chicago Teachers Union, enrollment, enrollment numbers, funding, funding guarantee, junk credit rating, salary increase, step increase, students, support staff

S&P to Pritzker: Pension reform only way to avoid ‘junk’ credit rating

By Vincent Caruso
02/24/2019
A report from one of the largest credit rating agencies criticized Gov. J.B. Pritzker’s “dubious” budget proposal for avoiding necessary fiscal reforms.

TAGS: bonds, credit rating, debt, municipal pensions, pension guarantee, pensions, Standard & Poor's

Repeating past mistakes: Pritzker proposes borrowing, stretching out payment ramp as pension solution

By Adam Schuster, Brad Weisenstein
02/15/2019
Trying to fix a massive pension deficit with more tax increases, deferring payments and gambling with taxpayer money is a recipe for failure.

TAGS: bonds, borrowing, credit rating, Dan Hynes, JB Pritzker, pension guarantee, pensions, progressive income tax

Moody’s: New taxes could accelerate Illinois exodus

By Vincent Caruso
02/08/2019
Ahead of Gov. Pritzker’s first budget address, one of the “big three” credit rating services warned the new governor against raising taxes.

TAGS: bonds, credit rating, JB Pritzker, Mike Madigan, Moody's Investor Service

Illinois Supreme Court defends inflated pensions for Chicago union leaders

By Adam Schuster
12/01/2018
Once again proving why the state must amend the Illinois Constitution’s pension clause, the court unanimously ruled in favor of a special perk that inflated union leader pensions to nearly three times the pension of the average worker.

TAGS: Chicago, credit rating, municipal pensions, pension guarantee, pensions, Rahm Emanuel

Pensions, debt push Oak Lawn toward ‘junk’ credit rating

By Vincent Caruso
10/21/2018
The Chicago suburb is facing severe fiscal challenges brought about by its unsustainable pension burden and $75 million in debt – a trend that has become too common among Illinois municipalities.

TAGS: budget, credit rating, municipal pensions, oak lawn, pension guarantee, pensions, property taxes

Moody’s: Illinois pension debt-to-revenue ratio hits all-time high for any state

By Adam Schuster
08/31/2018
According to a new report by Moody’s Investors Service, Illinois’ unfunded pension liabilities equaled 601 percent of state revenues in 2017, a U.S. record.

TAGS: bonds, credit rating, debt, employment, harvey, Moody's Investor Service, municipal pensions, pension guarantee, pensions, peoria, taxes

State of Illinois confirms new budget is out of balance by $1.2B

By Adam Schuster
08/21/2018
Despite claims from some state lawmakers that the fiscal year 2019 budget is balanced, official reports to bond buyers admit a deficit of more than $1 billion.

TAGS: balanced budget requirement, budget, credit rating, GOMB, John Cullerton, Mike Madigan, spending cap

Illinois jobs growth spikes in June, double the growth of the rest of the U.S.

By Orphe Divounguy, Bryce Hill
07/20/2018
Illinois added 18,100 new jobs in June, the highest monthly increase since summer 2017, but the Prairie State still lags behind the rest of the nation for the post-recession period.

TAGS: BLS: Bureau of Labor Statistics, credit rating, IDES: Illinois Department of Employment Security, income tax, jobs, spending cap, taxes, unemployment

Moody’s: Janus win potentially credit positive for Illinois

By Adam Schuster
06/27/2018
A landmark case on worker freedom could have positive effects on Illinois’ fiscal health, according to a leading ratings agency.

TAGS: AFSCME: American Federation of State County and Municipal Employees, budget, credit rating, Janus v. AFSCME, Moody's Investor Service, pensions

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Budget + Tax / Research Report

Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods


Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...

View Report

Report Archive

Labor / Your Story

Ifeoma Nkemdi

Jobs + Growth / Policy Point

Policy lessons from Illinois’ exodus of people and money

By J. Scott Moody, Wendy Warcholik
07/07/2014
Illinois Policy In the News

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016

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Illinois' comeback story starts here