The state’s 2016 pension cost is projected to increase to nearly $8 billion – or 25 cents of every dollar the state spends during the next budget year.
Since the January 2011 tax hikes, Illinois’ recovery slowed down, the rest of the Midwest sped up and the rest of the U.S. significantly accelerated. The Great Lakes states performed in lockstep with how well they fostered the free-enterprise system.
The two months since the election have been the Land of Lincoln’s best stretch of employment growth in the post-recession era. But the state’s sudden job-creation steam will run out without a healthy fuel of economic-reform policies.
Illinois’ state-government compensation ratio – in other words, what state employees are paid relative to the state’s private-sector workers – is two-thirds higher than the national average.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...