Illinois

SEC charges prove politicians shouldn’t control public pensions

08/13/2014
Illinois taxpayers and government workers got proof in 2013 that politicians can’t be trusted to manage public-worker retirements. That’s when the Securities Exchange Commission charged Illinois with securities fraud. Now, Kansas joins Illinois and New Jersey as one of three states to face SEC civil charges for misleading investors about the health of their pension...

Nation’s worst credit rating costs Illinois millions more in interest payments

By Benjamin VanMetre
08/11/2014
Illinois has the lowest credit rating in the nation. And just like people with poor credit scores, the state must pay higher interest rates. Higher rates mean higher interest payments that drain the budget and leave less money for education, health care and public safety. For every $1 billion of new borrowing, Illinois taxpayers are...

TAGS: credit rating

Illinois paychecks shrink

By Michael Lucci
08/11/2014
Illinoisans enjoyed a larger paycheck than their Iowa counterparts for 30 years – until 2012. For the first time ever, the median household in Iowa surpassed its Illinois counterpart, according to the U.S. Census Bureau. If you lined up all households in order of income, the median household would be the one in the very...

National Employee Freedom Week tells workers about their options

By Paul Kersey
08/10/2014
Aug. 11 marks the start of National Employee Freedom Week, when nonprofit organizations in 44 states reach out to workers across the country to let them know they have choices when it comes to union membership. Even in states that do not have a Right-to-Work law, such as Illinois, workers don’t have to join a...

TAGS: labor, nonprofits, unions

Illinois: Turning around or running in place?

By Naomi Lopez Bauman
08/10/2014
Gov. Pat Quinn is claiming that Illinois is making a comeback. But the evidence, supported by public opinion, belies that fact. Illinois remains an economic basket case: The state has the fastest-shrinking workforce in the nation Illinois has the second-highest property taxes in the country, as well as a high tax burden on individual and business incomes Illinois is the third-most corrupt state in the country Illinois loses one resident...

Illinois corruption watch, July 2014

By Brian Costin
08/09/2014
The bad news keeps piling up for Illinoisans. Illinois Policy’s “corruption watch” blog series hit a new high in the month of July with nearly 100 corruption-related stories. Chicago and Springfield are the two cities most synonymous with the state’s corruption woes. Unsurprisingly, both cities dominated headlines with the top two corruption stories of the...

Appellate court rules Cook County can’t tax goods bought outside the county

By Bryant Jackson-Green
08/08/2014
Can Cook County make its residents pay taxes on things they buy elsewhere? This week an Illinois appellate court said no, upholding a lower-court decision striking down the county’s “Non-Titled Personal Property Use Tax,” which charged an extra tax on Cook County residents who bought goods worth more than $3,500 outside of the county. In...

Private and public sectors trade pension plans for real retirement security

08/06/2014
Over the last three decades, private-sector companies have transitioned away from traditional pension plans and toward 401(k)-style plans for their employees. While the traditional pension plans were unpredictable and unmanageable, these 401(k)-style plans offered companies a greater level of certainty in their budget and gave employees greater control over their retirement accounts. Today, 85 percent...

ObamaCare open enrollment round 2: IL numbers still below expectations

By Naomi Lopez Bauman
08/05/2014
Illinois is now gearing up for the second round of ObamaCare open enrollment period that begins on Nov. 15. ObamaCare was passed with the promise that it would drastically reduce the number of uninsured Americans. Illinois’ state officials originally aimed to reduce the eligible uninsured adult population by half by the end of the first...

TAGS: health care, open enrollment

ObamaCare is falling short in Illinois

By Naomi Lopez Bauman
08/05/2014
The Affordable Care Act, or ACA, commonly referred to as ObamaCare, was supposed to cut Illinois’ eligible, uninsured adult population by half by the end of March 2014. The state achieved only half of its goal. About one-quarter of Illinois’ eligible uninsured adults have obtained health insurance coverage under the ACA. The state’s original goal was to move half of...

TAGS: ACA: Affordable Care Act, health care, health insurance

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FAQ: How the federal scholarship program would help Illinois students

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...

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016