Pension obligation bonds, like payday loans, are a sign of mismanaged finances. Illinois not only leads the nation for using that risky debt, it owes the bulk of it.
Because the cost of generous government retirement packages has grown faster than existing government revenues can sustain, property taxes continue to climb.
State revenue losses around the country have ranged from far less than expected to non-existent. Fiscally healthy states are giving back to taxpayers. That doesn’t include Illinois.
The interstate nursing license compact received bipartisan support in the Illinois General Assembly but was opposed by labor unions. COVID-19 medical staffing shortages prove the wisdom of letting nurses be more mobile.
Vax Verify, Illinois’ new resident immunization portal, contains incorrect COVID-19 vaccine records. In a state where data leaks and hacks have been too common, the potential for health information being exposed is a reasonable worry.
The proposed constitutional amendment placed on the 2022 ballot by the Illinois General Assembly would put every provision in union contracts beyond the reach of state law.
S&P Global Ratings said Illinois’ public pension systems are in trouble, and will get worse thanks to the Illinois Exodus and because state leaders refuse to fix the problems.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.