Published Aug. 17, 2022 Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension...
A new Fed report shows strict COVID-19 policies and enhanced unemployment benefits likely contributed to Illinois’ sluggish recovery from the pandemic recession.
Gov. J.B. Pritzker will end the statewide indoor mask mandate for most Illinoisans Feb. 28, joining the 39 other states who have already lifted COVID-19 restrictions on residents. Illinois will be the only state in the Midwest still mandating masks in schools at the state level.
Illinois’ second minimum wage increase this year is part of a plan to hit $15 an hour in 2025. Small businesses face tough decisions on cutting staff or raising prices.
With more than 755,000 Illinoisans out of work, state employees are still scheduled to get their automatic raises. Gov. J.B. Pritzker is treating those raises as non-negotiable. Governors in other states would disagree.
Pritzker should join other Democratic governors in postponing automatic pay raises, which would free up funds for needy Illinoisans and potentially preserve state worker jobs in the long run.
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.