Illinois

October unemployment: 8 of 10 Illinois MSA’s unemployment rates rose or experienced no improvement year over year

By John Klingner
12/06/2013
Eight of Illinois’ 10 Metropolitan Statistical Areas, or MSAs, saw their unemployment rates rise or remain stagnant compared to October 2012, according to today’s combined September-October metropolitan area unemployment report from the U.S. Bureau of Labor Statistics. The Decatur and Danville regions are still suffering the highest unemployment in the state, with 12.3 percent and...

TAGS: jobs, metro areas, MSA, unemployment

Property tax rates skyrocket in Illinois, 2nd-highest in U.S.

By Brian Costin
12/05/2013
Illinois’ property tax rates have skyrocketed since 2010, according to new analysis done by the Tax Policy Center. The survey examined the 23 Illinois counties with populations exceeding 65,000. The average property tax rates as a percent of home value has soared from 1.93 percent in 2010 to 2.28 percent in 2012. This represents an 18 percent property...

TAGS: property taxes

Pension reform: Institute’s work on 401(k)s

By Chris Andriesen
12/04/2013
Illinois’ pensions are among the worst-funded in the nation. The state has just 40 cents for every $1 that has been promised in benefits, and many government workers are concerned that they do not have choice and control over their own retirement. Illinois should not be forced to leave their retirement to the whims of...

A principled stand against pension “fix”

By Matt Paprocki
12/04/2013
Lawmakers met in Springfield on Tuesday for a special session on pension reform. After an early morning committee hearing, a gathering of each of the four legislative caucuses and several hours of lengthy floor debates, a pension bill passed the House and Senate, and now awaits Gov. Pat Quinn’s signature. The Illinois Policy Institute adamantly...

TAGS: Brad Halbrook, Brian Stewart, Dale Righter, Dan Duffy, David Harris, David Luechtefeld, defined benefit plans, Dwight Kay, Jason Barickman, Jeanne Ives, Joe Sosnowski, Kyle McCarter, pensions, Senate Bill 1, Tom Cross, Tom Morrison

What the Detroit bankruptcy ruling means for Illinois

12/03/2013
Today U.S. Bankruptcy Court Judge Steven Rhodes ruled that “nothing distinguishes pension debt from any other debt” – and that Detroit’s pension debt can therefore be partially discharged in bankruptcy. What does that mean for Illinois, where huge unfunded pension liabilities threaten to render the state government and many local governments insolvent? If the courts...

TAGS: Detroit, Michigan, pensions

Why Illinois teachers should reject new pension deal

12/03/2013
Madigan’s new pension “fix” does nothing to address the problems with the current pension system. Here’s another reason why Illinois teachers should urge their legislators to vote “no”:  the new pension bill does nothing to address the unfair distribution of pensions under the Teachers’ Retirement System, or TRS. Amazingly, the pension a teacher in TRS...

TAGS: pensions

Pension proposal a move in the wrong direction

By Paul Kersey
12/03/2013
House Speaker Mike Madigan’s latest pension proposal is a giant step backward. The overall effect of this plan would be to leave Illinois pensions worse off than they are today – and that’s saying something, considering the state has $100 billion in official pension debt. If this plan passes, both taxpayers and government employees will...

TAGS: pensions

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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