Poll shows diverse support for Illinois pension reform

By Ben Szalinski

03/11/2020

Illinois Democrats, union members, government or nonprofit workers, and people of all income groups support a pension amendment that allows for changes in cost-of-living raises and other future benefits.

TAGS: constitutional amendment, Illinois Constitution, Paul Simon Public Policy Institute, pensions

Why the soda tax ‘worked’ and the progressive tax won’t

By Austin Berg

02/28/2020

There’s no doubt: the county taxed soda more, so people bought less of it. It’s a simple lesson. So why doesn’t Springfield get it?

TAGS: Cook County, home price index, Illinois Constitution, JB Pritzker, outmigration, progressive income tax, property taxes, soda tax, tax burden, Toni Preckwinkle

Illinois’ pension costs, debt are growing far faster than state predicted

By Bill Reveille

02/27/2020

The pension crisis is worse than the state admits, and the state’s official projections cannot be trusted.

TAGS: Edgar Ramp, Illinois Constitution, JB Pritzker, pensions, progressive income tax

Bill would curb Illinois state budget gimmicks allowing deficits since 2001

By Ben Szalinski

02/27/2020

Illinois has not truly balanced its budget since 2001 despite a constitutional requirement to do so. A new bill would help change that.

TAGS: accounting, balanced budget requirement, constitutional amendment, Illinois Constitution, Jaime Andrade Jr., NASBO: National Association of State Budget Officers

Pritzker’s accounting gimmicks can’t fix pension crisis, but real reform can

By Adam Schuster

02/21/2020

Illinois Gov. J.B. Pritzker previously floated a pension plan that included pawning-off state assets, taking on more high-interest debt and reducing pension funding before walking back the plan amid criticism. Here’s a real solution.

TAGS: bonds, budget, COLA: cost of living adjustment, credit rating, fair tax, Illinois Constitution, Illinois Department of Revenue, JB Pritzker, Moody's Investor Service, pensions, progressive income tax, Standard & Poor's

Pritzker claims statewide economic growth, but these Illinois metro areas are shedding jobs

By Bryce Hill

02/10/2020

Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.

TAGS: Bloomington, BLS: Bureau of Labor Statistics, budget, Carbondale, Champaign, Chicago, constitutional amendment, economic competitiveness, economic growth, economics, economy, employment, fair tax, flat tax, government spending, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income growth, JB Pritzker, job creation, jobs, labor, Madison County, metro areas, Metro East, Moline, pensions, Peoria, population, progressive income tax, recession, Rockford, spending, spending cap, Springfield, St. Clair County, tax burden, tax hikes, tax increase, unemployment, Urbana, working-age

Slowest-growing states have progressive income taxes

By Bryce Hill

02/07/2020

Fewer people want to live in states with progressive income taxes. So after 6 straight years of population loss, why would Illinois want to join them?

TAGS: ballot, ballot referendums, corporate income tax, fair tax, flat tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income tax, JB Pritzker, outmigration, pensions, population, progressive income tax, recession, spending cap, Springfield, tax burden, tax hikes, tax increase, Tennessee, Texas, U.S. Census Bureau, West Virginia, working-age

Lawmakers seek to place nation’s first job-killing amendment in Illinois Constitution

By Mailee Smith

02/05/2020

A proposal in the Illinois General Assembly would prohibit right-to-work laws in Illinois, making Illinois the only state in the nation to ban the policy in a state constitution.

TAGS: constitutional amendment, economic growth, graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, Janus v. AFSCME, job creation, jobs, labor, lawmakers, private sector, progressive income tax, public sector, right to work, Rockford, Springfield, unions

Illinois government spending growth among nation’s highest, personal income growth among lowest

By Bryce Hill

02/04/2020

Robust growth in government spending has failed to yield similar results for Illinoisans’ incomes

TAGS: economic competitiveness, economic growth, government spending, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income growth, JB Pritzker, job creation, jobs, private sector, public sector, spending, spending cap, Springfield

State of the state: Pritzker saw worst first-year jobs numbers since Blagojevich

By Orphe Divounguy, Bryce Hill

01/27/2020

Illinois job creation lagged the national median in nearly every sector.

TAGS: 401(k), BLS: Bureau of Labor Statistics, Chicago, constitutional amendment, economic competitiveness, economic growth, fair tax, government spending, graduated income tax, housing, housing market, IDES: Illinois Department of Employment Security, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, income growth, JB Pritzker, job creation, jobs, labor, labor force participation rate, outmigration, pensions, personal income, population, private sector, progressive income tax, public sector, retirement age, spending, spending cap, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, unemployment