Illinois

Top 10 pension facts

10/20/2014
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,...

Top 10 facts on 401(k)s for government workers

10/20/2014
Illinois politicians have looted and mismanaged government-worker pensions for decades. Now the retirement security of government workers is at risk. It’s time to take politicians out of the retirement business and give workers control over their own retirement futures. Here are the top 10 facts you need to know about 401(k)-style retirement plans: 1) 401(k)s...

10 Illinois jobs facts you should know

10/20/2014
Illinois is ready to boom. That is the single most important fact about Illinois’ jobs climate and economy as a whole. However, Illinoisans have been held back by policy errors that have plagued the state for decades, especially since the Great Recession. Policy errors are causing tremendous pain for Illinoisans, but that pain can be...

Top 10 facts about local government transparency in Illinois

10/20/2014
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...

TAGS: good government, local government, transparency

The top 10 things every Illinoisan should know about ObamaCare and Medicaid

10/20/2014
The Affordable Care Act, or ACA, commonly known as ObamaCare, is failing to deliver on its promises to provide health-care access and affordability. While some Illinoisans now have coverage, it has come at the expense of people like Michéle who lost her employer-based coverage as a result of the law and now struggles to find...

Post-recession pain points in Illinois: a breakdown

By Michael Lucci
10/20/2014
From the beginning of the Great Recession in January 2008 through August 2014, Illinois is still down 157,100 payroll jobs, more than any other state in the U.S. Some sectors of Illinois’ economy have recovered completely, while others remain dramatically below pre-recession levels. Manufacturing and construction have had it the worst through the recession era,...

TAGS: jobs, private sector, public sector

Kankakee County asks voters to hike county-level sales taxes by 800%

By Brian Costin
10/16/2014
Kankakee County already has one of the highest average property tax rates in the country. In 2012, the Tax Foundation ranked Kankakee County as having the 79th-highest property taxes in the nation out of more than 800 of the largest counties in the U.S. Soon, Kankakee County could have one of the highest sales-tax rates...

An introduction to Hudson rights

By Paul Kersey
10/16/2014
Hudson rights are important to Illinois government employees, because under state labor law unions are entitled to collect union dues – or their functional equivalent – from every worker they represent, even if the employee does not support the union. Hudson rights mitigate the harm done by forced dues, allowing workers to opt out of...

TAGS: Hudson Rights, labor

Worker Freedom: A retirement alternative for government workers

By Benjamin VanMetre
10/14/2014
Government workers across Illinois believe they have no viable alternative to the politician-controlled pension system. They’re stuck holding on to the false hope that politicians will make good on their next set of promises, and that somehow the pension crisis will solve itself in the future. That’s why the Illinois Policy Institute launched workerfreedom.com, an...

Meet the company pushing sales-tax hikes across Illinois

By Brian Costin
10/14/2014
Fourteen Illinois counties face higher sales taxes if referendums pass at the ballot box this fall. The tax is called the Illinois County School Facility Occupation Tax, or County School Facility Tax (CSFT) for short. The law authorizing the tax, which passed in 2007, allows school boards representing 51 percent of a county’s student population...

TAGS: Missouri, Nicolaus & Co., sales tax, Stifel Nicolaus & Co., taxes