Michael Madigan

What Madigan won’t tell you about education spending

03/22/2014
When House Speaker Michael Madigan issued a press release about his new tax proposal yesterday – which levies a 3 percent surcharge on income over $1 million, which Madigan said will provide funding for schools – he highlighted the struggles of districts across the state to balance their books. Unfortunately, he neglected to mention these...

TAGS: education

Madigan bill would appropriate $100M for Obama library

By Jane McEnaney
03/05/2014
House Speaker Michael Madigan just introduced a bill to the Illinois General Assembly that appropriates $100 million to build a presidential library and museum “dedicated to the legacy of President Barack Obama.” Illinois is sitting on $7.6 billion in unpaid bills. The state’s credit rating has been downgraded five times since the largest tax hike...

TAGS: Mike Madigan, Obama presidential library

Capitol update: Week one

By Jane McEnaney
02/08/2014
The official business of Illinois’ 98th General Assembly began this week, with both chambers in session for the first week of the 2014 spring legislative season. The beginning of session typically is a slower time of year, with legislative language being tweaked, and with final touches and chief sponsors being courted. This is especially the...

TAGS: outmigration

Madigan’s Illinois pension fix: $15B less in savings, more gimmicks

01/28/2014
Not unlike ObamaCare, a bill Congress had to pass “to find out what’s in it,” Illinois’ General Assembly passed a pension fix in December 2013 without an official scoring of the bill. During floor debates, House Leader Mike Madigan and proponents of Senate Bill 1 promised $160 billion in savings over 30 years. Many opponents...

TAGS: pensions, Senate Bill 1

Taxpayers to foot big bill for pointless legislator pay stunt

01/13/2014
In July, Gov. Pat Quinn used his line-item veto power to suspend Illinois legislators’ salaries, pledging to withhold their paychecks until they solved the state’s pension crisis. This predictably provoked a lawsuit by House Speaker Mike Madigan, Senate President John Cullerton and other legislators. A Cook County Circuit Court judge then ruled in September that...

TAGS: lawmaker pay, Pat Quinn

Bipartisan success 2013

By Matt Paprocki, Jane McEnaney
12/19/2013
The Illinois Policy Institute introduced the only comprehensive pension reform plan during the 2013 legislative session. The Institute’s pension solution is the first plan that shifts Illinois workers out of the state’s broke defined benefit system and into a 401(k)-style plan, giving workers control and the pension system solvency. The introduction of this legislation has...

ADM relocates to Chicago – without state tax incentives

By Michael Lucci
12/19/2013
Archer Daniels Midland, an Illinois-based agribusiness giant, announced today that it will move the company’s global headquarters from Decatur, Ill., to Chicago, despite a tax incentive bill worth $30 million to ADM being stalled in the Illinois General Assembly. The decision keeps 60 to 75 executive-level jobs in Illinois, and comes a week after Office...

TAGS: Archer Daniels Midland, Chicago, cronyism, taxes

Pension bill’s accounting gimmicks ignore $6-$8B in debt

By Jonathan Ingram
12/10/2013
House Speaker Mike Madigan and proponents of the temporary pension “fix” enacted last week promised taxpayers that it would immediately reduce the state’s unfunded pension liability by about $20 billion. But despite these promises, the credit rating agencies have indicated that they would be waiting for actuarial analyses before making any decisions on how the new law...

TAGS: pensions