Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
A proposal in the Illinois General Assembly would prohibit right-to-work laws in Illinois, making Illinois the only state in the nation to ban the policy in a state constitution.
Robust growth in government spending has failed to yield similar results for Illinoisans’ incomes
Illinois job creation lagged the national median in nearly every sector.
More than 129,000 Illinois public pensioners will see expected payouts of $1 million or more during retirement.
State-government employee compensation has grown at over twice the rate of private-sector compensation in Illinois since 2000.
From the beginning of the Great Recession in January 2008 through August 2014, Illinois is still down 157,100 payroll jobs, more than any other state in the U.S. Some sectors of Illinois’ economy have recovered completely, while others remain dramatically below pre-recession levels. Manufacturing and construction have had it the worst through the recession era,...