Chicago

Hosed at the pump: Illinois gas taxes

By Lawrence McQuillan
08/31/2012
As Illinois motorists hit the road for Labor Day weekend, they’ll shell out an average of $4.14 for a gallon of gas. In Chicago, motorists are paying $4.31 a gallon, according to the AAA. That’s a whopping 48 cents more than the national average at $3.83 a gallon. At these prices, motorists in Chicago are paying...

Remain calm when responding to CTU’s strike notice

By Paul Kersey
08/29/2012
The Chicago Teachers Union filed a 10-day strike notice Wednesday, which may tempt some Chicagoans to overreact. To some extent the teachers union is counting on this sort of reaction. They are hoping that upset parents will call on the school board to end the strike at all costs, and pressure the district into making...

The truth about those union boos

08/16/2012
The spectacle of government union members booing the best friend they ever had off the stage Wednesday at the Illinois State Fair made for entertaining video. Gov. Quinn may not have liked the boos, but he certainly understands his starring role in this fiction of a drama. Here’s the truth: the pension proposals under consideration in Springfield...

Pension debt more than doubles under new rules

By Jonathan Ingram
08/16/2012
THE PROBLEM Illinois reports that it owes $83 billion to its five public pension funds. That amount represents the chronic failure of the state to fully fund its pension systems, overly generous retirement benefits for state workers, and the inability of those funds to meet their investment targets. Unfortunately, this $83 billion figure grossly understates...

TAGS: pensions

Government unions bluff on pension reform

By Paul Kersey
08/15/2012
Lawmakers will return to Springfield for special session Friday to consider a woefully inadequate fix to the state’s pension system. On Tuesday, the Chicago Sun-Times published comments about the pension mess from Chicago Mayor Rahm Emanuel: “If we do nothing throughout … our five funds, we have to raise property taxes 150 percent, and I will...