Champaign

Mr. Governor, Back Away from the Shiny Trains

06/03/2011
by Kristina Rasmussen Governor Pat Quinn is spending more of your money to study the feasibility of “high speed” rail lines in Illinois. Not daunted by the $8 billion budget deficit he’s failed to balance, yesterday the governor announced $1.25 million to study high speed rail between Chicago and Champaign. Over a billion dollars are already pouring into...

Most Local Tax Increases on Ballot Lose Tuesday

By Chris Andriesen
11/09/2010
by Wesley Fox While many experts are trying to interpret the results of the election in Illinois, they might have an easier time determining the people’s views on taxes. In this year’s election there were dozens of referenda on the ballot asking voters if they support or oppose local sales and/or property tax increases.  Of the...

Illinois Sportsmen to DNR: Where’s Our Money?

By Chris Andriesen
10/28/2010
by Lee Williams Download a formatted version of this report, complete with a table of the Pittman-Robertson Act contracts awarded by the Illinois Department of Natural Resources, here. SPRINGFIELD, IL.—The Illinois Department of Natural Resources is misappropriating millions of dollars that should have been earmarked for the state’s sportsmen. The Pittman-Robertson Act, an 11-percent federal tax on...

Pension Systems Selling Assets to Cover Benefits

08/25/2010
by Kristina Rasmussen From Crain’s: Illinois Teachers’ Retirement System, Springfield, plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits, according to Dave Urbanek, public information officer. The system is the fifth Illinois statewide defined benefit plan to sell off investments this...