Illinois can do it the old way and raise taxes to deliver pork projects. Or Illinois can be smart and make each tax dollar work hard to deliver projects that help residents and the economy.View Report
Financial stress testing shows Illinois and New Jersey are the most unprepared for the next recession. Both states lack sufficient rainy day funds and struggle with large pension debt.
The current progressive income tax proposal would fail to pay down the state's unfunded liability while damaging Illinois' economy.
Each Chicago taxpayer is on the hook for $119,110 worth of unfunded state, city, county and other local government debt. Many of the pensions driving those debts become Lori Lightfoot’s problem on Monday.
There should be no compromise with those who are looking out for their own bottom line above the good of the state.
An Illinois House bill that would allow more education funding dollars reach the classroom before getting trapped in administration has earned support from both parties – and the opposition of administrators.
Perry County is home to the DuQuoin State Fair, but the prize hog is a pension system eating money needed for public safety and other core services. County employees face layoffs.
As property tax bills hit DuPage County mailboxes, residents are reminded that Illinois needs pension reform, not higher taxes.
Illinois is home to the nation’s worst pension problem. A bill aimed at double-dipping by local politicians could make it better as Illinois pursues a pension system overhaul.
A progressive tax won’t stop constant property tax hikes. Pension reform will.
More than 25% of state revenue already goes to pensions and retiree health care, but Illinois would need to double that to fully fund promised benefits at current levels.