Chicago

Pension benefits of Chicago workers

By Benjamin VanMetre
07/21/2014
The problem Opponents of pension reform at the state and local level often argue that the average government-worker pension is modest. In a May 2011 commentary, government union chiefs Ken Swanson and Henry Bayer wrote that “at the end of a working life devoted to public service, an Illinois teacher, firefighter or librarian retires with...

TAGS: Chicago, labor

Liquor license red tape favors the politically connected

By Bryant Jackson-Green
07/16/2014
How much political influence should you need to get a liquor license in Chicago? The Chicago Sun-Times highlighted the role of “clout” in helping Pete’s Fresh Market, a grocery chain opening a new location on Chicago’s underserved West Side, get one. On its face, the article is a critique of how well-connected people use political ties...

Piling it on: Fitch downgrades Cook County

07/14/2014
Cook County residents got more bad news last week when Fitch Ratings, the global rating agency, downgraded Cook County’s debt to A+ from AA-. The rating agency cited skyrocketing pension costs as one of the key reasons for the credit downgrade. The most direct impact of the downgrade is higher borrowing costs for Cook County. Infrastructure and...

Make Chicago a 24-hour city

By Michael Lucci
07/14/2014
Chicago needs entrepreneurs. But too often, the city slows them down or chases them out of town. The “City that Works” doesn’t work for startups. A simple process is necessary so that startups in Chicago can get off the ground and start working, hiring and paying taxes. One good place to start is to make...

More inspectors general necessary to fight Illinois’ corruption woes

By Brian Costin
07/12/2014
For far too long Illinois politicians haven’t done enough to address a public corruption epidemic that has wreaked havoc on the state’s image and the pocketbooks of its taxpayers. Illinois consistently ranks in the top five states for public corruption, and a recent study estimated the cost of corruption in Illinois at nearly $1.4 billion...

Illinois corruption watch, June 2014

By Brian Costin, Anthony Trania
07/09/2014
Unfortunately for taxpayers, June was a groundbreaking month for corruption in Illinois. In June alone, there were reports of 85 corruption-related stories in the state. Some of the record-breaking highlights include the following: For the first time in 33 years, the Illinois Legislative Audit Commission exercised its subpoena powers in the issuance of a subpoena...