Businesses could face higher rates with progressive tax

12/31/2012

Learn more about the disadvantages of a progressive income tax.

State employee pension fund sees dismal 2012 returns

12/31/2012

Although the pension fund for state employees predicted it would earn $850 million in fiscal year 2012, it actually earned less than $6 million. The fund posted an investment return of just 0.05 percent, far below the 7.75 percent it expected.

TAGS: SERS: State Employee Retirement System

Institute in Crain’s: Springfield’s latest pension fumble was a win for taxpayers

12/31/2012

This was the running theme during Illinois' recent lame duck session: Pass anything.

Two-year anniversary of 2011 tax hike nothing to celebrate

By Benjamin VanMetre

12/31/2012

Two years ago, the average family started forking over an additional $1,500 from their annual pay due to higher taxes.

Fitch warnings don’t mean kick the can down the road

12/31/2012

Illinois credit rating received a warning today from Fitch Ratings. What Fitch cited as the ongoing inability of the state to address its large and growing unfunded pension liability means a rating downgrade is likely unless reforms are passed within s

Passage of management bill will prevent some government workers from unionizing

By Paul Kersey

12/31/2012

With the last procedural hurdles cleared, Senate Bill 1556, also known as the "management" bill, will be presented to Gov. Pat Quinn and is expected to receive his signature.

Nekritz-Biss pension funding guarantee would make pensions a priority over education, health care, public safety

12/31/2012

For years annual pension costs have been crowding out spending on education, health care and public safety. Now, Illinois legislators are looking to lock that in.

TAGS: funding guarantee

When will the whining end and the reforming begin?

12/31/2012

None of the plans Illinois lawmakers are considering will go anywhere near solving the states long-term pension crisis.

PRESS RELEASE: Illinois Policy Institute opposes Nekritz-Biss pension plan

12/31/2012

PRESS RELEASE from the ILLINOIS POLICY INSTITUTE EXPERTS AVAILABLE IN CHICAGO AND SPRINGFIELD MEDIA CONTACT: Diana Rickert or Daniel Anthony daniel@illinoispolicy.org or (312) 607-4977 Illinois Policy Institute opposes Nekritz-Biss pension plan Yes, pensions must reformed, but the Nekritz-Biss bill would worsen the pension crisis, not fix it SPRINGFIELD, Ill. (Jan. 8, 2013) Illinois lawmakers...

Institute on Chicago Tonight: Why pension talks aren’t real reform

12/31/2012

Illinois Policy Institute CEO John Tillman joined Carol Marin and a panel of experts on WTTW's Chicago Tonight to discuss pension reform in Illinois.

TAGS: pensions

Illinois

Businesses could face higher rates with progressive tax

State employee pension fund sees dismal 2012 returns

Institute in Crain’s: Springfield’s latest pension fumble was a win for taxpayers

Two-year anniversary of 2011 tax hike nothing to celebrate

Fitch warnings don’t mean kick the can down the road

Passage of management bill will prevent some government workers from unionizing

Nekritz-Biss pension funding guarantee would make pensions a priority over education, health care, public safety

When will the whining end and the reforming begin?

PRESS RELEASE: Illinois Policy Institute opposes Nekritz-Biss pension plan

Institute on Chicago Tonight: Why pension talks aren’t real reform

FAQ: How the federal scholarship program would help Illinois students

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

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