by Ashley Muchow Found this cartoon from Jack Higgins of the Chicago Sun-Times from a couple weeks back. Unfortunately, its “ticking time bomb” metaphor is all too accurate a description of Illinois’s state pension fund. See the Institute’s proposed solution to address the state’s $83 billion unfunded pension liability.
by Wesley Fox Senate President John Cullerton announced today that he will form committees to study workers compensation and Medicaid reform, which are initiatives Republicans promoted during the campaign. The committees would advance legislation for a possible vote in January,according to the Sun-Times. Illinois’s workers’ compensation requirements are costly and discourage employers from hiring or even doing business...
by Amanda Griffin-Johnson The latest corruption scandal in Chicago, “Operation Crooked Code,” has resulted in the convictions of 21 people. Of the individuals convicted, 15 were city building and zoning inspectors. If you’ve never heard of the Crooked Code scandal, you are not alone. The Chicago Sun-Times explains: Despite those successful cases, Crooked Code hasn’t been as high-profile...
by Wesley Fox Despite Illinois’s record deficit and $6 billion in unpaid bills, Governor Quinn recently announced $50 million in new spending for the Neighborhood Recovery Initiative. The Initiative would focus on job training for adults and small businesses and also provide funds for small businesses in troubled neighborhoods with the goal of addressing violent crime problems by...
by Collin Hitt The unsurprising word has leaked that Chicago schools chief Ron Huberman – a Daley appointee – will leave his post before the beginning of a new administration. Greg Hinz… With Chicago Public Schools officials confirming a Chicago Sun-Times story that schools chief Ron Huberman will leave along with Mayor Richard M. Daley, who else...
by Wesley Fox In the last few years, the federal government and many state governments have used a similar approach to dealing with the economic downturn: higher taxes and more government spending. Governor Quinn’s proposed tax hikes and his $31 billion Illinois Jobs Now capital spending program are a perfect example. Meanwhile, Chicago Park District...
by Heather Wilhelm It sure is getting expensive to be broke these days, and Illinois is learning the hard way, according to the Civic Federation’s latest study. The Chicago Sun-Times reports: The state’s miserable bond rating has driven up borrowing costs for state government by more than $500 million since last year, a government watchdog...
by Collin Hitt Chicago Public Schools has announced that it is moving forward with a new plan to extend the school day at select elementary schools by using online learning technology. The Trib carried the story: In an effort to extend what is one of the nation’s shortest school days, Chicago Public Schools plans to add...
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.