Illinois

Moody’s: Illinois an outlier in pension debt

By Benjamin VanMetre

11/26/2014

Illinois ranks worst in the nation on ability to pay for its pension debt.

TAGS: budget, Chicago, Illinois Constitution, pensions, Senate Bill 1, taxes

Cost of a state-based ObamaCare exchange underestimated in Illinois

By Naomi Lopez Bauman

11/26/2014

Despite Illinois’ precarious financial situation, some lawmakers are continuing their efforts to establish an expensive state-based ObamaCare exchange.

TAGS: ACA: Affordable Care Act, health care

Illinois among states with highest income-tax burden on the poor

By Bryant Jackson-Green

11/25/2014

Illinois has the highest income taxes on the poor of almost any state in the country, but the solution is not simply to raise taxes on the wealthy, as some constantly push for in Illinois.

TAGS: Chicago, income tax, taxes

School districts plot sales-tax hike for DeKalb County

By Brian Costin

11/25/2014

If a school facilities sales tax referendum was passed in DeKalb County, the 0.25 percent sales-tax rate could rise to 1.25 percent, a 400 percent increase.

TAGS: DeKalb County, sales tax

Illinois Supreme Court dismisses challenge to red-light cameras

By Bryant Jackson-Green

11/24/2014

In a strange turn of events, the Illinois Supreme Court on Nov. 20 dismissed a challenge to Chicago’s red-light camera program.

TAGS: U.S. Supreme Court

Tennessee votes to ban income taxation, Illinois should do the same

By Michael Lucci

11/23/2014

Over the last 15 years, Illinois has lost a net of 282,827 people and more than $14 billion in annual income to zero-income-tax states.

TAGS: income tax, jobs

Illinois workforce grows, but job creation rate worst in the Midwest

By Michael Lucci

11/23/2014

Illinois is now down 138,200 total payroll jobs in the recession era, the second-worst recovery of any state.

TAGS: jobs

Veto session week 1 recap: minimum-wage hike, mandatory caregiver training still up for grabs

By Donovan Griffith

11/22/2014

Ridesharing regulations, ObamaCare exchange and extension of the 2011 tax hikes all lay dormant.

TAGS: lame duck session, veto

Court: state employees’ constitutional rights are stronger than yours

11/21/2014

Pension recipients should not be treated as a privileged class of citizens.

70-mph speed limit fast-tracked after veto override

By Austin Berg

11/21/2014

Contrary to Quinn, Illinois drivers are likely to get 70-mph speed limits on tollways statewide as early as Dec. 2.

TAGS: speed limit, veto

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Taxed out: 10 reforms to stop Illinois from losing people and jobs

Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...

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