If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.
Voters will have the opportunity in November to decide, by way of a constitutional amendment, whether lawmakers should be able to divert transportation funds toward other priorities.
In light of the Illinois General Assembly’s refusal to pass a balanced budget, the Unbalanced Budget Response Act is a prudent measure that would temporarily allow the governor to shift funds and reduce spending to balance the state’s budget.
The plaintiffs in the SB 1 case are asking the court to do something extraordinary: to hold, in effect, that pension benefits should receive stronger protection than any other type of constitutional right.
Illinois Policy Institute files amicus brief in SB 1 case
Illinois ranks worst in the nation on ability to pay for its pension debt.