In the throes of Illinois’ fiscal crisis, nearly every nook and cranny of the Illinois state budget should be fair game for review and reduction. But some state lawmakers don’t seem to think so, especially when it comes to their money. In the waning hours of the final day of this year’s spring session, state...
If you have any doubt that political cronyism isn’t alive and well in Illinois, look no further than an ObamaCare scandal that broke late last week. Investigations by the Associated Press and Crain’s found that a subcontractor to a $33 million ObamaCare grant was billing at $282 per hour. Turns out the subcontractor is owned...
Illinois House Speaker Michael Madigan is calling for another big tax hike – one that conveniently funnels hundreds of millions of dollars each year to his home district of Chicago. He and his legislative colleagues will have collected more than $31 billion in new tax revenues by the time the temporary tax hike sunsets in...
House Speaker Michael Madigan just introduced a bill to the Illinois General Assembly that appropriates $100 million to build a presidential library and museum “dedicated to the legacy of President Barack Obama.” Illinois is sitting on $7.6 billion in unpaid bills. The state’s credit rating has been downgraded five times since the largest tax hike...
Though House Speaker Mike Madigan claims his new pension proposal will save $160 billion over 30 years, much of what the Speaker calls “pension reform” is little more than a mix of accounting changes and a plan to commandeer more taxpayer funds. Madigan needed to find more savings since this version of his bill allows...
One of the biggest flaws in the pension “reform” proposals that have come out of Springfield has been “pension-funding guarantees” – provisions that would contractually obligate the state to fund public pension systems. The problem with any pension funding guarantee is that it commits taxpayers to spending that could lead to higher taxes, render the...
In July, Illinois Gov. Pat Quinn used his line-item veto power to suspend legislators’ salaries, pledging to withhold legislators’ paychecks until they solved the state’s pension problem. But just Thursday, Cook County Circuit Court Judge Neil H. Cohen ruled that Quinn’s move was unconstitutional. Article IV, Section 11, of the Illinois Constitution prohibits any “changes” to...
Term limits are a foreign concept to most Illinoisans. There are no term limit provisions governing our state legislature or constitutional officers. At least 39 other states have some form of term limits that apply to either state legislators or constitutional officers. Only a few municipalities in Illinois, such as Downers Grove, have any formal term-limits policy. But...
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.