Instead of spending reform and policies to promote economic growth, Illinois House Speaker Mike Madigan proposes the same high-taxing, big-spending plans that got Illinois into its current fiscal mess.
Transcript, provided by Gov. Bruce Rauner’s office, of his 2016 State of the State address, as prepared for delivery, to the General Assembly on January 27, 2016.
The Illinois Department of Innovation and Technology will tackle one of the state’s most important management problems – an outdated IT system that wastes taxpayer money.
CTU President Karen Lewis has acknowledged that CPS is in dire straits – and that her union may have to make concessions in contract negotiations, including ending the practice of the school district – meaning taxpayers – picking up the majority of teacher contributions toward pensions, which has cost $1.3 billion since 2006.
Gov. Bruce Rauner and Republican state lawmakers have proposed bankruptcy for Chicago Public Schools; Mayor Rahm Emanuel has rejected the idea of bankruptcy, repeating his demand that Illinois taxpayers bail out the struggling school district.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...