Illinois

A Clear and Present Failure – CME Group threatens to leave

06/10/2011
by Drew McKinley As the Institute noted this week, Illinois is currently suffering from the thirdworst job loss rates in the nation. Also this week, the CME Group announced it was considering leaving Illinois. The corporate tax hike passed during the most recent lame-duck session of the state legislature is poised to cost the CME Group $50 million...

Illinois 41st in State Freedom Index

06/10/2011
by Brian Costin A new study out by the Mercatus Center of George Mason University shows that Illinois ranks poorly when it comes to Freedom amongst the states. This study comprehensively ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres.   Here’s Illinois’s rankings in each of the categories. 27/50 regulatory policy...

Amazon Tax, Short-lived?

06/07/2011
by Mark Cavers The Amazon tax, which became law in January, is bad for businesses, workers, and families. Last week, Performance Marketing Associates brought a lawsuit against the Illinois Department of Revenuechallenging the constitutionality of the law. As far back as last year, executive vice president, Kristina Rasmussen warned that if the bill passed companies would flee Illinois. The day...

Chico Takes on Job Ripe with Opportunities

06/07/2011
by Mark Cavers Earlier today, Governor Quinn announced his appointment of former mayoral hopeful Gery Chico to the head of the Illinois State Board of Education. Chico will face a challenging job as he oversees schools in communities as diverse as Chicago and Sparta. He is charged with overseeing all 868 school districts, 2.1 million...

Baby Come Back: Illinois’s Private Sector Job Loss 3rd Worst in Nation

06/07/2011
Over the past decade, only Michigan and Ohio had worse private sector job growth than Illinois. The Prairie State’s private sector job growth was down 7 percent. That means 363,100 jobs disappeared between April 2001 and April 2011 — that’s equivalent to disappearance of Delaware’s entire private work force.

Capital Bill: Here We Go Again

06/06/2011
by Mark Cavers At the tail end of the legislative session the Illinois State Senate added $430 million in operating costs to this year’s capital bill, a move that was opposed by the House, which refused to consider the bill. Today Governor Quinn announced that capital and road construction programs will begin to shutdown as early as...

Mr. Governor, Back Away from the Shiny Trains

06/03/2011
by Kristina Rasmussen Governor Pat Quinn is spending more of your money to study the feasibility of “high speed” rail lines in Illinois. Not daunted by the $8 billion budget deficit he’s failed to balance, yesterday the governor announced $1.25 million to study high speed rail between Chicago and Champaign. Over a billion dollars are already pouring into...

Earn Up To $5,000 Cash by Saving Taxpayers Money

06/01/2011
by Aon Hussain Want to save Illinois taxpayers some green and earn a little bit of your own? Instead of asking citizens to play the lottery, the State of Illinois is ready to give regular citizens big cash prizes if they come up with some fruitful ideas to save the state some bucks. The Illinois...

Spring 2011 Legislative Session Summary

06/01/2011
by Collin Hitt The General Assembly has adjourned for the summer. A budget was passed that contained real cuts, but it was still too big. Significant school reform sits on the governor’s desk. Illinois government will be more transparent. And yet so much more remains to be done. Here are the highlights of the spring...

College Retirees vs. Colleges: SURS’ Costs to Surpass All other Higher Education Spending

By Collin Hitt
05/27/2011
Policy makers struggling to protect higher education appropriations may be surprised to learn this fact: The total cost of the State Universities Retirement System (SURS) in 2012 will exceed the amount of general funds appropriated to all other higher education agencies and institutions. Years of overly generous pensions and delayed funding by the Illinois legislature...