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
Just Cook County food stamp recipients were facing work requirements Jan. 1 if they were under age 50, able-bodied and had no dependents. Now the rules will apply throughout Illinois starting April 1.
Most states require a wait before lawmakers become lobbyists. Recent federal probes point out the need for Illinois to do the same.
Michigan nixed a law mandating inflated wages for public construction projects. The Prairie State should follow suit.
The announcement comes on the heels of the manufacturing giant’s decision to invest in Wisconsin.
With the successful passage of 401(k)-style pension reform in Michigan’s state legislature, Illinois lawmakers should examine their own growing pension crisis and pursue bolder reforms to stabilize the state’s finances.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
Illinois lawmakers now have at least one model on which to base necessary reforms.
Michigan was a trailblazer when it comes to 401(k)-style reform plans for government workers. In 1997, Michigan froze the state employees’ defined-benefit pension plan and created a self-managed 401(k)-style retirement plan for new state workers. It was the first state in the nation to enact bold reforms like these. Michigan state employees who started working...