Illinois

S&P downgrades Illinois’ credit rating

By Ted Dabrowski
08/30/2012
S&P’s latest downgrade should come as no surprise. It’s just another mark of shame for a leaderless state spiraling out of control. The downgrade was a reaction to the state’s August 17th failure to reform its pension problems. In that meeting, the only bill on the table reduced Illinois’ total pension debt by less than...

Remain calm when responding to CTU’s strike notice

By Paul Kersey
08/29/2012
The Chicago Teachers Union filed a 10-day strike notice Wednesday, which may tempt some Chicagoans to overreact. To some extent the teachers union is counting on this sort of reaction. They are hoping that upset parents will call on the school board to end the strike at all costs, and pressure the district into making...

Illinois pension funds need 19 percent annual investment returns to make ends meet

By Jonathan Ingram
08/27/2012
Illinois reports that it owes $83 billion to its five public pension funds. Worse yet, under new reporting requirements by the Governmental Accounting Standards Board and Moody’s Investment Services, the state’s pension debt will more than double. There are a lot of numbers being thrown around in the fight over pension reform. But these are the...

Don’t be a victim of public corruption, learn from District 147’s transparency mistakes

By Brian Costin
08/24/2012
This time the alleged corruption comes from West Harvey-Dixmoor School District 147. Retired superintendent, Alex Boyd, is accused of,“fraudulently cashing out about $350,000 worth of sick and vacation time and racking up $57,000 in unauthorized credit card charges.”  Also, board member Mable Chapman is accused of, “helping Boyd bilk the district while having family members hired by...

Progressive income tax: Brought to you by Illinois unions

By Paul Kersey
08/21/2012
A coalition of progressive groups is beginning to coalesce around a proposal to create a progressive income tax in Illinois.  Under their plan state income tax rates will increase as one reaches higher incomes, up to a top rate of 11 percent for incomes over $1 million.  This plan would leave Illinois with one of...

Can you wait four years to get a job in Illinois?

By Lawrence McQuillan
08/21/2012
Illinois’ July unemployment rate hit 8.9 percent, up from 8.7 percent in June, the second consecutive monthly increase. Thirty-nine states have a lower unemployment rate than Illinois. According to the U.S. Bureau of Labor Statistics, Illinois’ labor force is roughly 6.5 million people. More than half a million of them are unemployed. This is a...

Feds to cut Medicare payments to nearly every Illinois hospital

By Jonathan Ingram
08/20/2012
In October, the federal government will begin implementing the “readmissions adjustment factor,” one of ObamaCare’s cuts to hospital reimbursement rates. New research from the Kaiser Family Foundation shows that the group hit hardest by these new cuts are safety net hospitals. According to federal data, a whopping 88 percent of hospitals in Illinois will be hit with this year’s rate cuts. By...
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FAQ: How the federal scholarship program would help Illinois students

Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

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

By Ted Dabrowski
05/02/2016