Illinois’ state debt: Illinois’ total state debt is $271 billion Illinois’ state debt has ballooned to $51,000 per household Illinois has roughly $9 billion in unpaid bills Illinois will spend more on pensions than on education by 2016 Illinois’ economic performance: Illinois is 47th in job growth Illinois is 48th in economic outlook Illinois is 48th in...
A new report by the Joint Economic Committee, or JEC, provides even more evidence that the federal government should never bail out state pension debt. Here are just a few of their findings.
During Gov. Quinn’s DNC address, he invoked John Adams’ famous line, “facts are stubborn things.” Quinn presented his facts about President Obama’s track record. Quinn presented his facts about Governor Romney’s track record. And Quinn presented his facts about Congressman Ryan’s track record. There was one track record that Quinn failed to mention. His own....
Ever notice that going out to eat seems more expensive in Chicago than other cities? One of the reasons is that on top of the very high sales tax in Chicago, there are additional taxes on meals in restaurants: 0.25 percent Chicago restaurant tax and 1.0 percent Metropolitan Pier and Exposition Authority (MPEA) food and...
Inauguration day carries a spirit of optimism. Changes are needed in Chicago, and we can all hope today is the day that those changes begin to take place. Chicago is a great city, and in almost every way it could become the greatest city in America. But sober realities await the new mayor. The city...
Ald. Reilly is the rarest of Chicago politicians, someone who does his homework, speaks quite plainly and openly about what he learns, and offers specific and relevant proposals to right-size city government.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.