By Benjamin VanMetre
07/01/2014
On June 30, Illinois Gov. Pat Quinn signed the state budget for the next fiscal year, which starts July 1. The good news is that this budget does not make the 2011 state income tax increase permanent; all Illinois taxpayers are still on track to see income tax relief next year. The bad news is...
Illinois’ lawmakers often blame unions for the Illinois General Assembly’s inability to pass real pension reform. “The unions will never allow it” is the common chorus when it comes to proposing bold reforms like those recently passed in Oklahoma, which put nearly all new state workers on 401(k)-style plans, or those passed in many other...
TAGS: 401(k), pensions
By Brian Costin
06/10/2014
A federal jury has found state Rep. Derrick Smith, D-Chicago, guilty of taking a $7,000 cash bribe in exchange for writing a state grant recommendation letter in 2012. Under state law, Smith automatically loses his office with the felony bribery conviction. This is the second time Smith has lost his office. Smith was originally expelled from...
TAGS: bribery, Chicago, corruption, Derrick Smith, ILGA: Illinois General Assembly
By Brian Costin
05/30/2014
A key portion of the Institute’s 10-Point Transparency Checklist, the posting of audits online, has made its way through the Illinois General Assembly. House Bill 5503 passed both Illinois House and Senate unanimously, and now awaits the governor’s signature. If signed into law by the governor, HB 5503, introduced by state Rep. Tom Demmer, R-Dixon,...
By Naomi Lopez Bauman
05/30/2014
Rather than push for true Medicaid reform that might ensure patient access to high quality care and protect taxpayer dollars, Gov. Pat Quinn is about to sign legislation that will further prop up this failing system. As evidence of just how dysfunctional the system is, Auditor General William Holland reported that the state paid $12 million for dead...
By Bryant Jackson-Green
05/28/2014
Illinois lawmakers have voted down a proposal that would have imposed a $0.01 per-ounce tax on soft drinks sold in the state of Illinois. According to the Illinois Manufacturers Association, the tax would have added $2.88 to the cost of a case of soft drinks. It would also have added to the already-heavy regulatory burden...
The Illinois Constitution is clear: the Illinois General Assembly’s spending in any fiscal year “shall not exceed the funds estimated by the General Assembly to be available during that year.” The General Assembly has officially estimated how much money the state will have available in fiscal year 2015: about $34 billion. Yet the spending proposed...
By Michael Lucci
05/19/2014
Policymakers in Illinois spent this spring debating whether the state should adopt a progressive tax scheme. At one point, there were as many as seven different tax structures being considered in Illinois. Supporters of the progressive tax fought for an amendment to the Illinois Constitution to allow such a change. Their efforts were rejected, and,...
By Brian Costin
05/16/2014
As the Illinois General Assembly is nearing a vote on Gov. Pat Quinn’s proposal to extend the income tax hike, which will cost the average taxpayer about $1,100 per year, a WGN-TV investigation revealed one of Quinn’s former top staffers is the beneficiary of a $117,000 pension error. Brown Hodge, former Deputy Chief of Staff...
By Michael Lucci
05/13/2014
Illinois’ 2011 income tax hike helped put the brakes on the state’s private-sector jobs recovery. According to data from the Bureau of Labor Statistics, Illinois’ monthly job creation has slowed down since the 2011 tax hike. Meanwhile, the rest of the country has accelerated its jobs growth. The Great Recession began in January 2008, and...
