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
Massive increases in public safety pension contributions have failed to keep Oak Lawn’s credit from being downgraded to junk status. The Chicago suburb’s leaders are fighting cuts and tax increases, which are inevitable without pension reform in Springfield.
East St. Louis’ police and fire pension funds experienced large funding shortfalls in 2016, putting the city at risk of revenue garnishment from the state comptroller’s office.
Despite increases in city contributions to both its police and fire pension funds, Normal, Illinois’, unfunded police and fire pension liabilities are growing.
In an effort to curb the tide of millions of health insurance cancellations as a result of ObamaCare, the president called on state regulators to extend the terminated health insurance policies that were canceled as a result of ObamaCare mandates. In response, Illinois Department of Insurance Commissioner Andrew Boron announced that the department “will follow...