In what’s become a habit for Moody’s Investors Service, the credit rating agency warned today that Illinois faces more credit downgrades if it fails once again to reform its state-run pension systems. The state already has the lowest credit rating in the nation. This means Illinois pays more to borrow money than any other state. But what’s...
by Josh Dwyer According to a 2009 study conducted by Stanford University’s Center for Research on Education Outcomes, 42 percent of Michigan’s charter schools outperformed traditional public schools in math and 35 percent outperformed them in reading. Only 6 percent underperformed relative to their traditional public school counterparts in math and only 2 percent did so in...
By Jane McEnaney
05/13/2013
This week in Springfield, the focus shifted from pension reform to policy issues certain members of the Illinois General Assembly deem important, such as the Lion Meat Act. The Illinois Policy Institute had a big victory this week, as our workforce transparency measure passed the Illinois House and Senate and now heads to Gov. Pat Quinn...
By Jane McEnaney
05/11/2013
Both chambers were in session this week in Springfield. Moratorium on virtual schools passes out of committee On Tuesday afternoon, House Bill 494 passed out of the Senate Subcommittee on Charter Schools and was subsequently approved by the full Senate Education Committee. The Illinois Policy Institute’s Executive Vice President Kristina Rasmussen and Director of Education Reform Josh Dwyer attended both...
by Ted Dabrowski* With a bill that blocks the authorization of any new virtual charter schools, state Rep. Linda Chapa LaVia, D-Aurora, aims to slow Illinois’ move into the 21st century. Her law, House Bill 494, calls for a one-year moratorium “on the establishment of charter schools with virtual-schooling components in school districts other than [Chicago...
By Ted Dabrowski
04/30/2013
The problem The blame for Illinois’ pension crisis is often laid at the feet of state politicians who supposedly “skipped” payments and caused the state’s five pension systems to be underfunded. This has prompted legislators to add a “funding guarantee” to the current crop of pension reforms bills in order to stop any future pension...
By Ted Dabrowski
04/23/2013
Flaws of the defined benefit system are really at the core of the state’s pension problems.
Scott Reeder Illinois News Network Politicians love to pander. And no one gets pandered to more than old folks. A good case in point is what Gov. Pat Quinn did this week. He signed Senate Bill 1894, which raises the senior homestead exemption from $4,000 to $5,000. Quinn claims this will save seniors as much...
The Illinois House took another step in the wrong direction last week by passing an amendment to House Bill 494, which institutes a one-year moratorium on new charter schools with virtual learning components located outside of Chicago.
TAGS: digital learning, moratorium
This memo provides a review of the funding guarantee provisions found in the pension reform bills that currently are or have been under consideration by the Illinois General Assembly.
