Missouri

Illinois borrowing penalty still three times higher than when Quinn took office

02/06/2014
It didn’t take long for Illinois’ spending machine to cram more debt down taxpayers’ throats. Only two months after signing a pension bill, Gov. Pat Quinn is borrowing yet another $1 billion to fund state construction projects. This will be the first large borrowing for Illinois since it passed Senate Bill 1, a pension fix...

TAGS: borrowing, capital project, debt, Pat Quinn, penalty borrowing rate, pensions

Illinoisans flee the state for neighboring Indiana, Missouri and Wisconsin

By Michael Lucci
01/24/2014
The story of Illinois’ steady out-migration problem is well known, but just where are Illinoisans moving to? Is the outflow driven entirely by retirees and beach-goers moving to Florida? Not according to the U.S. Census Bureau, which just released its 2012 American Community Survey of state-to-state migration flow data. These data use census surveys to...

TAGS: population

Illinois unemployment rate falls to 8.7%, continues to lag behind national average

By John Klingner
12/21/2013
Illinois’ unemployment rate fell to 8.7 percent in November from 8.9 percent a month prior, according to the U.S. Bureau of Labor Statistics. Illinois still has the fourth-highest unemployment rate in the nation, behind only Nevada, Rhode Island and Michigan. The state gained 9,400 payroll jobs over the month, while the number of unemployed Illinoisans...

TAGS: jobs, unemployment

Illinois has the highest sales taxes of its neighbors

By John Klingner
12/20/2013
Illinois has high sales taxes. As of January 2013, Illinois had the 12th-highest combined state and average local sales tax rate in the country at 8.13 percent – higher than all bordering states. Chicago’s combined sales tax rate of 9.75 percent tied with Los Angeles as the highest sales tax among major U.S. metropolitan areas...

TAGS: Chicago, sales tax

Shrinking the Illinois Senate

By Brian Costin
10/08/2013
With 42,336 elected officials as of 1992, Illinois has nearly 12,000 more state and local elected politicians than any other state. Amazingly, with this unprecedented wealth of legislators Illinois hasn’t been able to adequately address some of its most dire problems. Illinois still ranks near the bottom of the nation in numerous key economic indicators,...

TAGS: term limits

Tax myth: progressive income taxes reduce the tax burden on middle-and low-income earners

By Benjamin VanMetre
09/25/2013
Several special interest groups and lawmakers in Illinois are pushing to increase taxes by swapping out the state’s constitutionally protected flat rate income tax for a progressive income tax. Advocates for the progressive income tax increase are disguising their plan as a tax cut for middle-and low-income earners. But the legislation that’s been proposed thus...

Unions outpace corporations in super PAC spending

By Justin Hegy
09/13/2013
Labor unions are losing influence, popularity and the fight over labor policy in many states. To soften their fall, unions have dramatically increased political spending.

Unions outpace corporations in super PAC spending

By Justin Hegy
09/13/2013
Labor unions are losing influence, popularity and the fight over labor policy in many states. To soften their fall, unions have dramatically increased political spending. A study from the Center for Public Integrity shows labor unions have notably increased political spending nationally in the first half of 2013. During the six-month period, unions contributed $10 million to...

Labor reform continues to gain popularity

By Paul Kersey
09/09/2013
Labor law reform has been popular in a lot of neighboring states, with Wisconsin passing an overhaul of its government union law, and Michigan and Indiana adopting right-to-work. The move toward greater union accountability could pick up again if Missouri sets up a referendum on right-to-work, as it might as early as next year. Labor...