Michigan

Detroit: Then and now

08/09/2013
Back in the late 1980s I lived in northwest Detroit (at Seven Mile and Lahser) and worked downtown. I remember a t-shirt slogan that was very popular at the time: “I’m so bad I vacation in Detroit.” It was fitting. The few tourists who visited downtown saw a rundown commercial district with few shops or...

TAGS: Detroit

Alaska’s bold solution to its pension crisis

07/25/2013
Illinois has the nation’s worst-funded pensions. Each Illinois household can expect to pay more than $40,000 in additional taxes to cover the pension shortfall if no reforms are passed. The size of the pension crisis demands that state lawmakers pass the boldest reforms in the country. Fortunately, Illinois lawmakers can look to the examples other states have...

Chicago’s triple-notch credit downgrade

07/18/2013
Pension costs are already unraveling the state’s finances. Now it’s the city of Chicago’s turn. The city’s out-of-control pension liabilities and “accelerating budget pressures associated with those liabilities” has resulted in another credit downgrade by Moody’s Investors Service. The national credit rating agency downgraded the city’s nearly $8 billion in general obligation bonds to A3...

TAGS: pensions, Rahm Emanuel

Detroit goes bust

By Paul Kersey
07/18/2013
It’s official: the city of Detroit is bankrupt. The Detroit News reported that the city filed a petition for bankruptcy protection this afternoon. The city is in a severe economic crisis and simply lacks the ability to raise sufficient taxes to pay its mounting bills. The city’s population fell more than 26% from 2000 to 2012 and...

Right to Work gives states a competitive advantage

07/14/2013
by Paul Kersey CNBC released its rankings of the friendliest states for business last week. Illinois dropped further down the list, but one nearby state is climbing, in large part because its elected officials passed a Right-to-Work law. CNBC’s Scott Cohn took notice, reporting that the Michigan moved from 33rd to 29th. CNBC’s rating of the state’s...

Pat Quinn is fourth-highest paid governor in the country

By Hilary Gowins
07/10/2013
At a time when the state of Illinois has more than $100 billion in unfunded pension liabilities, more than $6 billion in unpaid bills and is coming off of its 13th credit downgrade since 2009, it might shock Illinoisans to hear that Gov. Quinn is one of the highest-paid governors in the country. Gov. Pat Quinn’s salary is $177,412. According...

Illinois unions fight to block Medicaid savings

By Paul Kersey
07/09/2013
One of the screwier effects of Illinois labor law was on display recently when an arbitrator ruled that the state would have to terminate its contract with Maximus Health Services. In September 2012, the state hired Maximus to review Illinois’ Medicaid rolls and remove those who were no longer eligible for benefits. The company’s investigation identified 60,000...

The path forward on pension reform: A fair solution for all stakeholders

By Chris Andriesen
06/16/2013
State Reps. Tom Morrison (R-Palatine) and Jeanne Ives (R-Wheaton) have proposed House Bill 3303, which is based the Institute’s pension reform plan. State Sen. Jim Oberweis (R-Sugar Grove) introduced a floor amendment to Senate Bill 2026, which is identical to House Bill 3303. The problem Illinois has the nation’s worst-funded pension systems. The unfunded liability currently stands at more...

Illinois’ congressional delegation proposes radical changes to government spending

06/10/2013
by Brian Costin When it comes to proposing radical changes to government spending, Illinois Democrats vastly outdo Illinois Republicans. In fact, a group of five liberal Democrats from Illinois propose spending increases that dwarf the spending cut proposals of any Republican in the country by a wide margin. This information comes from a new National Taxpayers...
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Chicago Forward 2026: A pro-growth plan to end city budget deficits

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.

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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