Without careful evaluation of whether Illinois’ pensions for newer employees are running afoul of federal rules or what the penalties would be, spending $78 million from the state’s budget is premature and wasteful.
Published Feb. 10, 2025 Even though federal COVID relief funds provided an unexpected windfall, that one-time jolt of cash could leave many Illinois localities even worse off than they were before. That boost in revenue allowed local governments to put off difficult budgeting decisions, and as that revenue dries up, municipalities will have to contend...
With nearly $214 billion in state and local pension debt threatening both retirees and government finances, Illinois needs a new path forward. Here are five principles to guide the state, protect taxpayers and safeguard public servants.
Illinois saw the third-highest rate of residents moving out in 2024 based on a survey by Atlas Van Lines. Jobs and taxes are among the top reasons people leave Illinois, which is also third in the nation for highest unemployment rate.
Public records show the Chicago Teachers Union and other union entities pay Stacy Davis Gates a very healthy salary. But union transparency ends there. CTU is refusing to show members how it spends their money, despite that mandate in CTU’s rules.
Illinois is at risk of getting in costly trouble with the federal government over its Tier 2 public employee retirement benefits. Here’s a solution that doesn’t make the state’s monstrous public pension debt even worse.
The Democratic National Convention is coming to Chicago to highlight the party’s platform. Delegates are likely to see moving vans that highlight what those policies have done to the Windy City and the rest of Illinois.
At the 1920 Census, Chicago’s population was 2.7 million, up over 516,000 in a decade. More than 100 years later, Chicago’s population is 2.66 million, a loss of 128,034 from nine straight years of decline.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.