Illinois

Illinois and Chicago riddled with bad economic policy

By Justin Hegy
09/18/2013
Illinois and Chicago are riddled with many regulations, laws and licensing requirements that are unnecessary and anti-growth in nature. Politicians often claim to pass these laws in pursuit of a favorable business climate; but the result is often the opposite. Illinois’ economy is struggling. The state has the second-highest unemployment rate in the nation at 9.2...

The hidden bill: Chicago taxpayers and the looming crisis

By Benjamin VanMetre
09/17/2013
The city of Chicago has long been regarded as an economic engine of the Midwest. It is home to some of the country’s largest industries and more than 30 of the nation’s Fortune 500 companies. Chicago is accessible by road, rail and water, and is located in a state that boasts an abundance of natural...

Chicago only major U.S. city without term limits; Illinois one of 11 states without term limits

By Brian Costin
09/17/2013
Term limits are a foreign concept to most Illinoisans. There are no term limit provisions governing our state legislature or constitutional officers. At least 39 other states have some form of term limits that apply to either state legislators or constitutional officers. Only a few municipalities in Illinois, such as Downers Grove, have any formal term-limits policy. But...

TAGS: Chicago, Committee for Legislative Reform and Term Limits, Mike Madigan, term limits

Illinois state government wastes hundreds of millions of taxpayer dollars

By Benjamin VanMetre
09/17/2013
Illinois spending is packed with waste. Nearly 200 examples of wasteful government spending in Illinois, totaling more than $354 million, is detailed in the “The 2012 Illinois Piglet Book,” a report compiled by the Illinois Policy Institute in a partnership with Washington, D.C.-based Citizens Against Government Waste. Each item highlights the decisions of politicians who...

Illinois and Chicago’s pattern of cronyism and corporate handouts

By Justin Hegy
09/17/2013
Instead of creating a business-friendly environment by keeping taxes and regulations low, Illinois state government and the city of Chicago have a laundry list of special tools they claim promote economic development. These tools include: tax increment financing, or TIF, districts; economic grants; and a series of loopholes in the tax code. When government gives...

TAGS: cronyism

National gas prices average $3 or more for 1,000th straight day

By Hilary Gowins
09/17/2013
Today marks the 1,000th day in a row the national average price for a gallon of gas was $3 or more. And AAA forecasts the national average will remain above $3 per gallon for at least another thousand days barring a major economic recession. “Paying less than $3 per gallon for gasoline may be automotive history for...

Illinois’ state government pension crisis and the top 100 pensioners

By Justin Hegy
09/17/2013
  Illinois’ current unfunded state government pension liabilities total approximately $200 billion under Moody’s Investors Service’s new methodology. The Illinois Policy Institute estimates that the state’s pension funding ratio is currently less than 25 percent, meaning the state has the worst-funded pension system in the nation. Buried within this massive financial obligation are thousands of current...

Judge upholds Wisconsin collective bargaining reform

By Paul Kersey
09/15/2013
Back in 2011 Wisconsin Gov. Scott Walker took on the state’s powerful unions and the Wisconsin Legislature enacted a dramatic labor law reform. Several lawsuits filed since the bill passed claimed Walker’s overhaul was unconstitutional. These lawsuits have been percolating through the courts ever since. The latest decision comes from a federal judge, who has...

Copper-plated doors tip of iceberg in wasteful spending

By Brian Costin
09/14/2013
With unpaid bills exceeding $8 billion, long-term debt surpassing $200 billion and the worst credit rating in the nation, revelations that the “broke” state of Illinois spent $670,000 on copper-plated doors and another$500,000 for chandeliers and sculptures for the Capitol in Springfield is an embarrassment for the entire state. Earning bad press and the scorn of angry taxpayers still reeling from the 2011 income...

Illinois Department of Corrections declares a “hot dog seasoning emergency”

By Brian Costin
09/14/2013
Here’s the traditional Chicago-style hot dog recipe: 1 all-beef hot dog 1 poppy seed hot dog bun 1 tablespoon yellow mustard 1 tablespoon sweet green pickle relish 1 tablespoon chopped onion 4 tomato wedges 1 dill pickle spear 2 sport peppers 1 dash celery salt Sounds good, doesn’t it? But if someone skipped the celery...