Chicago Public Schools borrowed over $1.8 billion amid a delay in last year’s Cook County bills, adding interest costs and exposing the fragility of the district’s finances.
With nearly $214 billion in state and local pension debt threatening both retirees and government finances, Illinois needs a new path forward. Here are five principles to guide the state, protect taxpayers and safeguard public servants.
Expanding retirement savings plans as an option for all new Illinois state employees would give them choice and likely improve the state’s pension crisis.
Chicago’s 2025 budget is facing a nearly $1 billion gap. Mayor Brandon Johnson’s plan to close it: increase taxes. The city’s rising non-personnel costs, now at $6.6 billion, will outpace its grant funding, squeeze taxpayers and increase regressive fees.
NEA has lost nearly 400,000 members since its peak in 2009. It could be because just 9% of the union’s spending is on representing teachers – with the rest on politics, administration and other union leader priorities.
The village of Skokie issued $176 million in new bonds to fund shortfalls in public safety pensions. The village joins a growing list of municipalities forced to borrow to meet “unsustainable” pension obligations.
American Airlines and United Airlines have become the latest Illinois employers to be sued for allegedly violating Illinois’ biometric privacy law through the use of fingerprint-operated time clocks.
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...