A Truth in Accounting report argued state authorities should have used billions in federal aid to pay down interest on existing pension debt rather than save it for a rainy day. Experts warn this could lead to more state borrowing.
Illinois politicians used Madigan’s teachings – avoid messy democracy and disenfranchise taxpayers – by again waiting until the last minute to pass major legislation. Good things rarely grow in the dark.
The House Rules allowed Madigan to accumulate unprecedented power in the Illinois speaker’s office and helped enable a culture of corruption in Springfield. With Madigan out, reformers have a shot at changing the House Rules.
Two areas of Illinois faced the same COVID-19 threat but received very different treatment from the governor. One is home to a political power base he needs to pass his progressive income tax in November.
Illinois’ high court ruled a former union employee who worked a single day in the classroom is eligible to receive a decade’s worth of teacher pension benefits.
The Teachers’ Retirement System pension fund board opposed Illinois Gov. J.B. Pritzker’s plan to repeat past mistakes. Here’s why they are right to oppose it.
Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...
Illinoisans should know lawmakers in the past made big moves to fix the state's worst-in-the-nation pension crisis. It’s politically possible. They just need a little reminder of our history.
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.