Illinois

Quinn signs 70 mph speed limit law for Illinois

By Brian Costin
08/19/2013
Gov. Quinn signed into law Senate Bill 2356, which increases speed limits on rural highways to 70 miles per hour. The limit increase only affects highways outside of urban areas. Highways within Cook, DuPage, Kane, Lake, Madison, McHenry, St. Clair, and Will counties will be able to opt out through local ordinances. According to the Chicago Tribune:...

TAGS: speed limit

Cook County’s debt downgraded: pension liabilities double under Moody’s new methodology

By Ted Dabrowski
08/17/2013
Chicago’s fiscal crisis just got worse. Last month, the city received a rare triple-notch downgrade from Moody’s Investors Service, to A3 from Aa3.  Now, Chicago’s parent government, Cook County, has received a downgrade of its own. Moody’s Investors Service downgraded Cook County’s general obligation bond rating to A1 from Aa3 due to the county’s “growing...

TAGS: Chicago, Cook County, downgrade

To help small businesses, Illinois should make LLC fees fair

08/16/2013
If you want to start a small business in Illinois, there are different forms your new business can take. For example, you can have a sole proprietorship, a partnership, a corporation or a limited liability company, or LLC. The LLC is a relatively recent innovation that has advantages over the corporate form, and it can...

Quinn signs three Illinois Policy Institute-backed bills

By Jane McEnaney
08/16/2013
Although it has been reported that Gov. Pat Quinn has nearly 400 bills to sign, veto or change by the end of August, in the past week he has enacted three important pieces of legislation that the Illinois Policy Institute championed throughout the spring legislative session that ended in May. Last Friday, Quinn signed the Illinois Water...

TAGS: Illinois Water System Viability Act, Local Government Debt Reform Act

Quinn signs budget transparency legislation

By Matt Paprocki
08/16/2013
Today, Gov. Pat Quinn signed two pieces of legislation that result in greater budget transparency. The bills – House Bill 2947 and House Bill 2955 – which have both passed out of the Illinois General Assembly, mandate that the governor’s office posts the Illinois state budget online, and specifically identifies if there a budget surplus or a deficit within...

July unemployment: Illinois unemployment rate stalled at 9.2 percent

By John Klingner
08/15/2013
The Illinois Department of Employment Security, or IDES, announced today that the Illinois unemployment rate increased to 9.2 percent in July from June’s revised rate of 9.1 percent. Illinois’ unemployment rate is still 1.8 percentage points above the national average, which fell to 7.4 percent in July. The number of unemployed Illinoisans now stands at 604,700, up...

TAGS: unemployment

Nearly 110,000 Medicaid enrollees in Illinois found ineligible for the program

By Jonathan Ingram
08/14/2013
In January, the Illinois Department of Healthcare and Family Services, or HFS, began a new project verifying eligibility for Illinois’ 2.7 million Medicaid enrollees. For years, state workers had failed to take adequate steps to ensure the people receiving Medicaid benefits were actually eligible for the program. As an Auditor General report noted, state workers...

ObamaCare: health insurance for the little people

By Naomi Lopez Bauman
08/14/2013
In a weekend appearance on Las Vegas PBS’s “Vegas Week in Review,” Sen. Harry Reid, D-Nevada, not only admitted that ObamaCare is designed to fail; but he also admitted that the law is one step toward a single-payer health care system. This admission should be added to the growing pile of ObamaCare’s broken promises. Just as many of the law’s...

North Carolina budget ends master’s degrees pay

08/14/2013
Studies have shown that paying teachers for earning a masters’ degree is one of the worst ways to spend money in education. U.S. Secretary of Education Arne Duncan said as much in a 2010 speech: “Doing more with less will likely require reshaping teacher compensation to do more to develop, support and reward excellence and effectiveness,...

TAGS: masters degree, North Carolina

More food stamps: Another 20,000 Illinoisans added to SNAP rolls in May

By John Klingner
08/13/2013
More than 2 million Illinoisans – 16 percent of the state’s population – are on food stamps according to the U.S. Department of Agriculture. Supplemental Nutrition Assistance Program, or SNAP, enrollment numbers continue to rise in Illinois, and have been continuing to increase across the nation. Illinois added nearly 20,000 people to food stamp rolls...