E-cigarettes have become increasingly popular in recent years, particularly among smokers of traditional cigarettes looking to kick the habit by moving to a less harmful alternative. So why are Illinois governments wasting taxpayer dollars and time trying to make them harder to buy? The Evanston City Council recently jumped to regulate e-cigarettes under the same...
Triple-notch credit downgrades for government entities are supposed to be rare. They normally happen only in response to major financial events, such as a sudden fiscal emergency. But Chicago just received its second triple-notch downgrade in just six months. And that spells trouble for Chicago taxpayers. Citing skyrocketing pension costs and a lack of meaningful...
Since July, Illinois Teamsters have been on strike against funeral home operator Service Corporation International, or SCI, because SCI didn’t offer a contract that the union found satisfactory. At first, the Teamsters fought their battle by aggressively picketing funeral homes SCI owns in Illinois. Among other things, strikers at Illinois funeral homes reportedly blocked mourners...
The Illinois General Assembly today approved a pension bill that requires taxpayers to pay an additional $75 million into the Chicago Park District pension fund in addition to tripling the taxpayer contribution to the troubled pension fund. Unfortunately, this bill is mistakenly being heralded by some as a potential model for pension reform. Make no mistake:...
The Illinois General Assembly may consider much needed pension reform during the second week of fall veto session, which lasts Nov. 5 until Nov. 7. But they will have to do so without the latest teacher and administrator salary information affecting the state’s largest pension system, the Teachers’ Retirement System, or TRS. Last week the...
Even if Illinois pension funds see investment returns that exceed expectations, that still won’t be enough to plug the largest fund’s hole. The Teachers’ Retirement System reported its pension underfunding grew to $55.73 billion as of June 30, 2013 — an increase of more than $3.5 billion since the end of the previous fiscal year...
“It is a safe bet that the General Assembly will never pass a bill limiting its own members’ ability to seek re-election.” – Christopher Mooney, University of Illinois Springfield professor, term-limits expert Overwhelmingly, Illinoisans support term limits. A recent poll showed 78.7 percent of Illinois voters support term limits. But good luck convincing Illinois legislators...
Today marks the first day of the Illinois General Assembly’s two week veto session. Veto session is held for six days every fall to allow the General Assembly to take action on bills that the governor has vetoed. Since the spring legislative session, the governor has vetoed 10 bills – only three of those bills...
The Illinois Supreme Court today struck down the state’s “Amazon Tax,” a state law that forced online retailers to pay Illinois taxes regardless of whether they had a storefront or other physical presence in the state. In its ruling, the Supreme Court indicated that it struck down the law because it conflicts with a federal...
As the Illinois General Assembly heads back to Springfield for veto session next week, here is a quick look at what elected officials have signed on to the Illinois Policy Institute’s legislative efforts to prevent lawmakers from amending the state’s constitution to permit a progressive income tax hike, which would increase taxes on 85 percent...