Illinois has the lowest credit rating among the 50 states, forcing taxpayers to pay hundreds of millions of dollars more in borrowing costs than residents of states in better fiscal condition.
The latest BLS unemployment release once again highlights how poorly Illinois is faring compared with its neighbors and the nation as a whole. Illinois’ January unemployment rate jumped to 9 percent, a 0.4 percent increase over December’s rate. Illinois now has the seventh-highest unemployment rate in the nation, with nearly 600,000 Illinoisans unemployed. Meanwhile, the...
Illinois’ unemployment fell to 8.7 percent in November from 8.8 percent in October, adding 16,400 new payroll jobs. Despite this small decrease in the unemployment rate, Illinois is still a full percentage point above the national unemployment average of 7.7 percent, and 1.6 percentage points higher than the average of its neighboring states. That fact –...
When families in Illinois need to tighten their belts, cable TV is often one of the first expenses to go. A state nearing bankruptcy should do the same. The Illinois Department of Corrections (IDOC) racked up a cable bill of $2,261,009 between July 2010 and June 2012. Popular channels included in this bill were MTV,...
The nation’s unemployment rate increased to 7.9 percent in October from 7.8 percent in September, according to the Bureau of Labor Statistics. If that number is a reflection of the country’s anemic recovery, consider the implications of Illinois’ 8.8 percent unemployment rate in September. There are more than 580,000 Illinoisans formally out of work. And these...
In January 1979, a severe winter storm blasted Chicago. The city government failed to clear the roads of snow, which virtually shut down the metropolis for a week. The snow closed O’Hare International Airport for a record 42 hours. Drifts, many of them 12 feet high, blocked more than 1,400 of the city’s streets. An...
Residents of Illinois demand clear and safe roads. State and local agencies must budget and prepare for the winter season, and then perform up to certain standards when the snow comes. Otherwise, we risk losing money, time and lives.
Residents of Illinois demand clear and safe roads. State and local agencies must budget and prepare for the winter season, and then perform up to certain standards when the snow comes. Otherwise, we risk losing money, time and lives.
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.