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 six months. That warning is just another whack for a state that already has been downgraded...

During a lame duck session two years ago, the Illinois General Assembly passed a 67 percent income tax increase on all Illinois families. When the bill was filed in early 2011, almost no one knew of its existence. I was the House staffer on revenue at the time, and I only heard about it at 6...

During a lame duck session two years ago, the Illinois General Assembly passed a 67 percent income tax increase on all Illinois families. When the bill was filed in early 2011, almost no one knew of its existence.

PRESS RELEASE from the ILLINOIS POLICY INSTITUTE MEDIA CONTACT: Diana Rickert Diana@IllinoisPolicy.org or (312) 607-4977   Illinois Policy Institute statement on pensions: Real reform means adopting 401(k)-style plan SPRINGFIELD, Ill. (Jan. 6, 2013) – The Illinois Policy Institute released the following statement from CEO John Tillman regarding pension reform talks: “Illinois can be an economic...