Cook County

Illinois corruption watch, July 2014

By Brian Costin
08/09/2014
The bad news keeps piling up for Illinoisans. Illinois Policy’s “corruption watch” blog series hit a new high in the month of July with nearly 100 corruption-related stories. Chicago and Springfield are the two cities most synonymous with the state’s corruption woes. Unsurprisingly, both cities dominated headlines with the top two corruption stories of the...

Appellate court rules Cook County can’t tax goods bought outside the county

By Bryant Jackson-Green
08/08/2014
Can Cook County make its residents pay taxes on things they buy elsewhere? This week an Illinois appellate court said no, upholding a lower-court decision striking down the county’s “Non-Titled Personal Property Use Tax,” which charged an extra tax on Cook County residents who bought goods worth more than $3,500 outside of the county. In...

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...

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...

Illinois Corruption Watch, May 2014

By Brian Costin
06/04/2014
In completing our second month of the new “Illinois Corruption Watch” project, we are shocked at the volume of corruption stories being reported across the state. In just two months we have found reports of 101 different corruption-related stories; 45 in April and 56 in May. It’s no wonder Illinois citizens have by far the...

Chicago unemployment rate 5th highest of nation’s 49 largest metro areas

By John Klingner
06/02/2014
Illinois politicians want to make things worse for the many Chicagoans struggling to find jobs and make ends meet. They’re calling for state, county and local tax hikes on the city that already has one of the worst metro area unemployment rates in the nation, according to the U.S. Bureau of Labor Statistics. Gov. Pat...

Cook County’s pension reform flop

By Benjamin VanMetre
05/28/2014
Cook County Board President Toni Preckwinkle struck a pension deal for county employees earlier this month. The plan recently materialized into legislation that quickly moved through the Illinois Senate, but has not passed in the Illinois House. Preckwinkle’s plan fails to fundamentally reform pensions and may result in massive tax and fee increases, a reduction...

Chicago’s $63 billion debt burden

By John Klingner
05/12/2014
It’s no secret that Chicago is in a pension crisis and deeply in debt. Most of that debt comes from the city’s pensions, but health insurance and long-term debt are also a significant part of Chicago’s fiscal shortfall. In total, Chicago residents are officially on the hook for $63.2 billion in government pensions, health insurance...

The impact of Illinois’ education funding overhaul

05/12/2014
After months of hounding by Illinois legislators, the Illinois State Board of Education has finally released a preliminary analysis of Senate Bill 16, a proposed education funding bill that completely transforms how the state distributes money to local districts. Proponents of the bill say the bill makes education funding more equitable. But, as many suburban...