When people don’t like the direction in which their state is headed, they often vote with their feet. That’s precisely what Illinoisans did during the last decade, and they took their income with them. Illinois netted a loss of more $20 billion to other states through the out-migration of its residents from 2000-2010, according to...
As Chicago Public Schools and the Chicago Teachers Union continue to argue about the reasons for the district’s recent school closings, one thing is clear – parents have largely been excluded from the conversation. But they don’t have to be – a new law appearing in seven states across the country, if adopted in Illinois, would...
The nation’s largest insurance company, UnitedHealth Group, won’t be participating in Illinois’ health insurance exchange, Crain’s Chicago Business reported on Monday. UnitedHealth Group is the second-largest insurance company in Illinois’ nongroup market, the market in which the exchange will operate. Although state officials recently predicted 16 insurance companies would participate in the exchange, Crain’s reports that just...
In the wake of Lebron James’ second-straight NBA title and the end of the professional season, free agents across the league are considering their next moves. Some of the biggest names to enter the free-agent fray include the Los Angeles Lakers’ Dwight Howard and New York Knicks sixth-man, J.R. Smith. As these athletes consider their decision, they’ll...
by Ted Dabrowski As if Illinois didn’t have enough debt to deal with, the state borrowed another $1.3 billion. The state says it needs the money for infrastructure projects. Illinois tapped the bond markets despite the current fallout from the state’s failure to reform pensions and the recent bond market instability, which drove states like...
One of the best protections against corruption is transparency, and in today’s digital age one of the easiest ways for government to be open and accountable is through posting public documents on the Internet. Unfortunately, most Illinois counties need to dramatically improve when it comes to online transparency. The Illinois Policy Institute recently audited all...
by Ted Dabrowski Moody’s Investors Service downgraded Illinois’ credit rating to “A3” from “A2” after the General Assembly failed to move forward on pension reform before the end of the spring legislative session. The rating agency also says it has a negative outlook on Illinois’ credit: “The negative outlook reflects our expectation that Illinois’ pension...
by Ted Dabrowski Fitch Ratings downgraded Illinois’ credit rating to “A-” from “A” after the General Assembly failed to move forward on pension reform before the end of the spring legislative session. In its statement announcing the downgrade, Fitch called Illinois’ pension liability “unsustainable” and said it was concerned about the state being able to...
by Paul Kersey In Illinois and many other states, government workers are often forced to pay union dues in order to hold on to their jobs. But a lawsuit filed on behalf of teachers in California may bring this practice to an end. Union officials use forced dues to fund massive political and lobbying drives...
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.