After four years in office, you have yet to provide a detailed proposal for how to reform the pension system. Oh, sure, there have been press releases and bullet-point presentations but nothing detailed enough to present to the Legislature as your solutio

Wouldn’t it be nice to earn 7 to 8 percent interest on money you don’t have in the bank? That’s exactly what caretakers of the state’s public pension systems assume. Illinois’ five pension systems are expected to pay out more than $600 billion between now and 2045. In order to pay for these benefits, the...

Another one of the state’s five pension systems has posted negative investment returns for 2012, highlighting yet again the problems caused by Illinois’ politician-controlled defined-benefit plans using taxpayers as a backstop. For the third time in the last five years, the Judges’ Retirement System, or JRS, has posted a negative investment return. Although the pension...

Illinois state government has 230 programs that provide state funds to nearly 7,000 units of local government in Illinois. The largest 11 programs alone provide more than $13 billion to local governments. The distribution of that money, across the entire state, makes it difficult to hold state and local governments accountable for their spending decisions....

Unfortunately, 2012 was another dismal year for budget and tax policy in Illinois. It seems that the more things change the more they get worse in this state. But the Illinois Policy Institute is fighting to fix that. We believe that Illinois can once again become a beacon of economic freedom, individual liberty and prosperity....