California

Some Support Letting States Go Bankrupt

By Chris Andriesen
11/29/2010
by Wesley Fox Illinois along with California have massive budget shortfalls in 2011.  In order to help states deal with budget crises, University of Pennsylvania Law Professor David Skeel argues states should be able to go into bankruptcy.  Local governments have been able to declare bankruptcy in order to settle debts since the 1930s, but states have...

‘Build America Bonds’ Building Debt?

By Chris Andriesen
11/22/2010
by Ashley Muchow Steve Malanga’s article in the WSJ today covers a topic that is both timely and closely connected to Illinois’s deteriorating fiscal condition. One measure about to reach the lame-duck Congress floor is a call to extend Build America Bonds (BABs)–bonds used by states and municipalities to accrue nearly $160 billion in new debt...

Spotlight on Spending #17: Nationwide Executive Officer Salary Comparison

By Chris Andriesen
11/17/2010
The Problem Previous Institute reports have shown how officials within Illinois’s legislative and judicial branches are paid significantly higher than national averages. Illinois state representatives and senators earn a base salary of $67,836—the fifth-highest legislator salary in the country. Only California, Michigan, New York and Pennsylvania pay their legislators more. Judges serving on the state’s...

Key Facts about Illinois

By Chris Andriesen
11/01/2010
The Problem With its resources, location, expansive farmland, and first-class towns and cities, Illinois should be a leading economic powerhouse in the United States. Unfortunately, thanks to an unfriendly business and regulatory climate, Illinois has been underperforming for years. “Rich States, Poor States,” a comprehensive economic performance index authored by Steve Moore, Art Laffer, and...

Illinois Says Stop Borrowing and Start Cutting

10/06/2010
by Ashley Muchow Pew Center on the States and the Public Policy Institute of Californiareleased a comprehensive study this morning zoning in on the public’s opinion of state fiscal management. The study, Facing Facts: Public Attitudes and Fiscal Realities in Five Stressed States, polled residents from five fiscally distressed states: California, Arizona, Florida, New York, and our very...

The Cost of Income Taxes

10/05/2010
by Ashley Muchow Arthur Laffer addressed a core issue regarding the economic impact of state income taxes in the WSJ today. Laffer addressed the often ignored negative impact income taxes have on state economies. Illinois’s personal income per capita decreased from 133 percent of the U.S. prior to its 1969 income tax levy,  to just 106 percent...

Renowned Banking Analyst Predicts Gloom and Doom for Illinois

10/01/2010
by Ashley Muchow Meredith Whitney, former banking analyst, and current CEO of Meredith Whitney Advisory Group, doesn’t see anything short of fiscal ruin for a handful of U.S. states. In a Bloomberg interview, Whitney holds up states as the new systemic risks to the U.S. economy.  Her company’s latest report, appropriately titled “Tragedy of the Commons”,...

Grading Governors

09/30/2010
by Kate Piercy Some Governors have adjusted to the economic realities of the last few years better than others. How has our Governor responded? According to the Cato Institute’s 10th biennial survey of the best and worst Governors on fiscal issues, not well. Who were the stars and who were the slackers? The Wall Street Journal reports: The Cato...

Sell the Executive Mansion?

09/17/2010
by Kristina Rasmussen We’ve written about the cost of the Governor’s entourage (you know, your standard retinue of butlers, housemen, and laundresses). Today’s State Journal-Register features a thoughtful letter to the editor on closing the Executive Mansion down as a residence for the governor: In times of economic distress, tough choices have to be made. A family might decide to forego a...

Teachers, Unions, and Transparency

08/19/2010
by Kate Piercy From S.T. Karnick at The American Culture: In case you missed it, LA Times reporters Jason Felch, Jason Song and Doug Smith used California’s public records law to obtain seven years of math and English test scores from the Los Angeles Unified School District. They asked Richard Buddin, a well-respected analyst at the RAND Corporation,...
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Solutions for vacant lots would reduce crime and poverty in Chicago

Reducing property taxes and bureaucratic holdups will lead to safer communities and more economic opportunities on Chicago's South and West sides.

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016