Highest inflation in 40 years deals Illinoisans $2,900 pay cut

By Bryce Hill

07/21/2022

Wages have failed to keep up with inflation, dropping Illinoisans’ purchasing power by $2,900 on average.

TAGS: Amendment 1, gas prices, inflation, interest rates, property taxes

Madigan leaves trial lawyers with parting gift: up to 2 years of 9% interest

By Brad Weisenstein

01/26/2021

Lame duck lawmakers and the outgoing Illinois House speaker are trying to hand trial lawyers some extra cash. Gov. J.B. Pritzker is being urged to veto the bill.

TAGS: House Speaker, interest rates, Mike Madigan, tort

Chicago’s 2020 budget proposal was never truly balanced

By Bill Reveille

11/26/2019

Faced with the impossible task of balancing Chicago’s budget without pension reform, Mayor Lori Lightfoot is forced to partially rely on phantom cuts and revenues.

TAGS: bonds, budget, CAFR: Comprehensive Annual Financial Report, Chicago, Chicago City Council, Chicago City Hall, constitutional amendment, CTA: Chicago Transit Authority, CTU: Chicago Teachers Union, deficit, emergency fee, homelessness, housing market, ILGA: Illinois General Assembly, interest rates, library, Lori Lightfoot, Lyft, property taxes, Rahm Emanuel, real estate, real estate transfer tax, tax hikes, tax increase, TIF: Tax Increment Financing, Uber

A city charter could bring order to Chicago’s dysfunction. How can it get one?

Report Archive

Melony Armstrong

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students