Constitution of Illinois

Illinois Forward: A 5-year plan for balanced budgets, declining debt and tax relief

By Adam Schuster
02/15/2020
The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...

Lawmakers seek to place nation’s first job-killing amendment in Illinois Constitution

By Mailee Smith
02/05/2020
A proposal in the Illinois General Assembly would prohibit right-to-work laws in Illinois, making Illinois the only state in the nation to ban the policy in a state constitution.

TAGS: constitutional amendment, economic growth, graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, Janus v. AFSCME, job creation, jobs, labor, lawmakers, private sector, progressive income tax, public sector, right to work, Rockford, Springfield, unions

Oak Lawn credit rating hits junk status amid skyrocketing pension costs

By Brad Weisenstein
01/07/2020
Massive increases in public safety pension contributions have failed to keep Oak Lawn’s credit from being downgraded to junk status. The Chicago suburb’s leaders are fighting cuts and tax increases, which are inevitable without pension reform in Springfield.

TAGS: credit rating, firefighter pensions, IDOI: Illinois Department of Insurance, Moody's Investor Service, municipal pensions, Oak Lawn, police pensions, public safety

With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation

By Orphe Divounguy, Bryce Hill
01/07/2020
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.

TAGS: graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, IRS: Internal Revenue Service, JB Pritzker, outmigration, population, progressive income tax, spending cap, Springfield, tax rates, U.S. Census Bureau

Illinois saw nation’s worst population loss during the decade

By Orphe Divounguy, Bryce Hill
12/30/2019
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.

TAGS: 401(k), debt, flat tax, general revenue fund, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, JB Pritzker, job creation, Mike Madigan, outmigration, population, revenue, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age