Legislation being advanced by state Rep. Robyn Gabel, D-Chicago, would attempt to cover costs by charging a fee on every health-insurance plan sold through the state-funded health insurance exchange. This funding mechanism is likely to be insufficient. In fact, the new state tax on insurance plans may need to be three times the amount currently under consideration to truly cover administrative costs.
Here are the top 10 facts you need to know about Illinois’ pension crisis: 1) Illinois’ state pension funds have only 41 cents for every dollar they need to pay out future benefits. 2) Illinois has the nation’s worst pension crisis. Taxpayers are officially on the hook for more than $100 billion in unfunded Illinois pension debt,...
One of the best protections against government corruption is transparency. And in today’s digital age, one of the easiest ways for government to be open and accountable is through posting public documents on the Internet. Illinois needs to strengthen online transparency standards to fight government corruption and wasteful spending practices, especially given its troubled history...
For weeks, teachers in Hinsdale Township High School District 86 threatened to strike after contract negotiations went awry. But on Oct. 9, the union and district officials reached a deal. A strike was avoided, but at what cost? Hinsdale taxpayers won’t find out until after the ink is dry on the new contract because of...
For weeks, teachers in Hinsdale Township High School District 86 threatened to strike after contract negotiations went awry. But on Oct. 9, the union and district officials reached a deal. A strike was avoided, but at what cost? Hinsdale taxpayers won’t find out until after the ink is dry on the new contract because of...
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.