Illinois

Pritzker’s accounting gimmicks can’t fix pension crisis, but real reform can

By Adam Schuster
02/21/2020
Illinois Gov. J.B. Pritzker previously floated a pension plan that included pawning-off state assets, taking on more high-interest debt and reducing pension funding before walking back the plan amid criticism. Here’s a real solution.

TAGS: bonds, budget, COLA: cost of living adjustment, credit rating, fair tax, Illinois Constitution, Illinois Department of Revenue, JB Pritzker, Moody's Investor Service, pensions, progressive income tax, Standard & Poor's

Records involving Madigan sought by federal probe into southwest Chicago suburb

By Brad Weisenstein
02/21/2020
Federal investigators are seeking records from a small village near Chicago. The subpoena names Illinois House Speaker Mike Madigan, his political lieutenants and former ComEd lobbyists.

TAGS: Chicago, Commonwealth Edison, conflict of interest, corruption, ethics, FBI: Federal Bureau of Investigation, federal investigation, IRS: Internal Revenue Service, Kevin Quinn, Marty Quinn, Michael McClain, Mike Madigan, red light cameras, revolving door, Timothy Mapes

Illinois Forward: A 5-year plan for balanced budgets, declining debt and tax relief

By Adam Schuster
02/15/2020
The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...