It is time to give taxpayers and businesses the certainty they need to plan a long-term future in the state.View Report
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
Lawmakers claiming to have passed a balanced budget are relying on a number of common, but deceptive, budget maneuvers.
Lawmakers should voluntarily adopt a spending cap to give taxpayers the certainty they deserve.
History shows lawmakers prefer to avoid tough but necessary choices.
One rating agency cited Illinois’ “persistent crisis-like budget environment” as explanation for the state’s near-junk credit. A spending cap constitutional amendment and pension reform could go a long way toward putting the state on a healthier fiscal path.
The city's budget for fiscal year 2019 was accompanied by increases in sales and telecom taxes. But local officials still anticipate a deficit.
Record-breaking borrowing to fund Illinois' even more massive pension debt is no real solution to the state's pension problem.
Illinois has been ranked third-to-last for business friendliness in three straight surveys of CEOs.
The state is borrowing millions to finance capital construction projects and information technology improvements. But Illinoisans continue to pay for the worst credit rating of any state in the nation.
The Land of Lincoln received the lowest possible grade in budget forecasting and legacy costs.