Mandating more reasonable spending growth is the first step in a journey back to solvency for Illinois. The cap provides certainty today for a more responsible state government tomorrow.
By Orphe Divounguy, Austin Berg, Bryce Hill, Joe Tabor
01/22/2018
Illinois' jobs growth trailed that of the nation during the first half of 2017, then slowed to a halt in the wake of the General Assembly's record-breaking tax hike.
Senate Bill 1719 would impose a 20 percent surcharge on fees earned by investment managers, but the spring legislative session ended with the Illinois House failing to call the measure for a vote.
State lawmakers were in Springfield yesterday for a special session ordered by Gov. Pat Quinn. As expected, the General Assembly did not take formal votes on any pension reform legislation. Instead, Quinn called for the formation of a conference committee, with the intention of resolving the differences between the House and Senate on pension reform. As a means of breaking up...
This memo provides a review of the funding guarantee provisions found in the pension reform bills that currently are or have been under consideration by the Illinois General Assembly.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.