The Illinois Policy Institute opposes the $8.75 billion additional borrowing plan and recommends a three year spending freeze at $27 billion with all revenues over that level being allocated to paying down the past due debt owed to the states vendors
Institute CEO, John Tillman, on First Business discussing the pension funding shortfalls in Illinois and across the U.S., and answering the question of whether a federal bailout for Illinois is near.
Tune into WLS 890AM Tuesday morning, 9:35 a.m. to hear Illinois Policy Institute CEO John Tillman address ways to balance the state budget without a tax increase.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...