I don’t usually enjoy sitting through Chicago City Council committee meetings. The ones I’ve attended have typically involved aldermen blustering about how the city needs to ban, restrict or control one thing or another, with no regard for individual rights or economic sense. But last Thursday’s meeting of the council’s Committee on License and Consumer...
By Michael Lucci
03/29/2014
Illinois’ jobless rate remained stuck at 8.7 percent for the month of February, according to the Bureau of Labor Statistics. Illinois remains the only state in the Midwest with a higher jobless rate today than when Gov. Pat Quinn took office. When Quinn took office, the jobless rate was 8 percent. The state gained 6,400...
TAGS: jobs, unemployment
By Jane McEnaney
03/29/2014
Just hours after the 2014 gubernatorial primary results were made final, Gov. Pat Quinn and his allies launched a series of class warfare attack ads, which were aimed at playing politics rather than implementing good policy. His administration took no time following suit, unleashing a series of legislative initiatives that, if enacted, would have a...
By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...
TAGS: fair tax, graduated income tax, income tax, progressive income tax
By illinoispolicy
03/20/2014
Myth #1: “The ‘fair tax’ will only affect the rich.” Don’t be fooled. The ‘fair tax’ is being sold as a tax on the rich. But under the proposal from state Rep Naomi Jakobsson, D-Urbana, the lawmaker who is sponsoring the bill to put a so-called “fair tax,” or progressive tax, amendment on the...
TAGS: fair tax, graduated income tax, income tax, progressive income tax
By Brian Costin
03/19/2014
Improving government transparency is a year-round effort for the Illinois Policy Institute, but each year during Sunshine Week, we place a special focus on the issue. We celebrate Sunshine Week by releasing the latest round of Local Transparency Project audit results, this time measuring the transparency levels of some of Illinois’ largest municipalities, in relation...
TAGS: transparency
By Paul Kersey
03/15/2014
A new bill proposed in Illinois, House Bill 5485, would allow arbitrators to impose “minimum staffing requirements” on local fire departments. While this might seem like a minor, technical matter, it has the potential to impose major costs on taxpayers, as elected officials from communities such as Rockford and Oak Lawn are warning in a...
TAGS: labor
By Justin Hegy
03/11/2014
Government transparency – a major tool in preventing waste and corruption – took a small step forward in Illinois this past week. With the signing of House Bill 1040 – which passed both Illinois legislative houses unanimously – state agencies will now be mandated to develop detailed plans on how to get vital public information...
The Wall Street Journal’s article “Public Pension Red Alert” foreshadows more municipal bankruptcies countrywide as pension costs continue to spiral out of control. One of the cities facing the most stress nationally is Chicago. The city’s pension payments are set to jump to more than $1 billion as laws that allowed the city to skimp on pension payments...
TAGS: Chicago, municipal pensions
By Jane McEnaney
03/05/2014
House Speaker Michael Madigan just introduced a bill to the Illinois General Assembly that appropriates $100 million to build a presidential library and museum “dedicated to the legacy of President Barack Obama.” Illinois is sitting on $7.6 billion in unpaid bills. The state’s credit rating has been downgraded five times since the largest tax hike...
TAGS: Mike Madigan, Obama presidential library
