Constitution of Illinois

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

Chicago City Council votes to ban lobbying by elected leaders

12/20/2019
Chicago’s second round of anti-corruption rules restricts aldermen and city employees from working as lobbyists and stops other elected leaders from lobbying city government for private clients.

TAGS: bribery, Chicago, Chicago City Council, ComEd, corruption, FBI: Federal Bureau of Investigation, ILGA: Illinois General Assembly, John Cullerton, Larry Suffredin, lawmakers, lobbying, Lori Lightfoot, Luis Arroyo, Michael Zalewski, Michele Smith, Mike Madigan, ordinance, Springfield, Terry Link

As nation celebrates small businesses, Illinois considers taxing them more

By Orphe Divounguy, Bryce Hill
11/27/2019
Most new jobs in Illinois are created by small businesses, yet state leaders are asking voters to hurt them by raising taxes on these employment dynamos.

TAGS: BLS: Bureau of Labor Statistics, entrepreneurs, Great Recession, Illinois, Illinois Constitution, investment, JB Pritzker, job creation, progressive income tax, s-corp, small business, spending cap, taxes, Tennessee, Texas