New Jersey

Renowned Banking Analyst Predicts Gloom and Doom for Illinois

10/01/2010
by Ashley Muchow Meredith Whitney, former banking analyst, and current CEO of Meredith Whitney Advisory Group, doesn’t see anything short of fiscal ruin for a handful of U.S. states. In a Bloomberg interview, Whitney holds up states as the new systemic risks to the U.S. economy.  Her company’s latest report, appropriately titled “Tragedy of the Commons”,...

States with Business-Friendly Policies Growing

09/28/2010
by Wesley Fox Over the last decade, Americans have steadily moved to states with lower taxes and fewer regulations on businesses.  The population of business-friendly states such as Texas, Florida, and Utah has increased significantly.  In fact, all three are expected to gain seats in the Congress after they are reapportioned. According to a recent...

Spotlight on Spending #13: ‪Illinois Film Tax Credit Program‬

By Chris Andriesen
09/22/2010
The Problem Witnessing explosions from the latest Transformers movie on Michigan Avenue and catching glimpses of movie stars like Johnny Depp and Angelina Jolie may provide an exciting novelty for Illinois residents. But is it worth the price? Illinois state government offers film production projects generous tax incentives to film within its borders, but the...

What Karl Rove Should Have Said

09/16/2010
by John Tillman Tuesday night, I happened to be watching live when Karl Rove fulminated on the Christine O’Donnell win in the Delaware GOP Senate primary.  You can see the full video here but I’ve provided a transcript (from Fox News) of some of the key passages below.  Among the things Rove said: “This is the inexplicable (emphasis added)...

SEC Charges NJ — is IL Next?

08/20/2010
by Kristina Rasmussen This bit of news is creating quite a stir in certain circles: The U.S. Securities and Exchange Commission (SEC) charged the state of New Jersey Wednesday with lying and withholding information to investors in billions of dollars worth of municipal bond deals. The allegations involve $26 billion of bond offerings from 2001 to 2007 in...

Spotlight on Spending #8: Illinois Legislators Among Highest Paid in Nation

By Kate Campaigne Piercy
07/22/2010
The Problem Although facing a serious budget deficit, Illinois legislators remain among the best compensated in the nation. Today, Illinois state representatives and senators earn a base salary of $67,836—the fifth-highest legislator salary in the country. Only California, Michigan, New York and Pennsylvania pay their legislators more. Illinois state representatives and senators earn around 47...

Spotlight on Spending #7: One Out of Four – Public employee compensation

By Chris Andriesen
07/14/2010
The Problem Illinois’s state budget is billions of dollars in the hole, but that didn’t stop Illinois government from handing out pay increases to 46,000 state workers on July 1, 2010. Indeed, Governor Pat Quinn has handed out 43 raises (averaging 11.4 percent to his staff) since he took the oath of office. All areas of government...

New Jersey Privatizing Ideas: Save Hundreds of Millions

07/09/2010
by Kate Piercy New Jersey Governor Chrisitie’s administration has put out a 57-page report identifying areas where government services could be privatized in order to save tax dollars — 210 million dollars a year, to be exact. According to a report from NorthJersey.com: State parks, psychiatric hospitals and even turnpike toll booths could also be run...

Spotlight on Spending #4: Illinois State Energy Subsidies

By Chris Andriesen
06/23/2010
The Problem Illinois’s wealth of energy resources should be utilized to provide Illinois’s families and businesses with reliable sources of power. However, Illinois state government is unnecessarily picking winners and losers, distorting energy prices, and driving up overall government spending by awarding tax dollars to certain energy sectors via special government programs. For example, the...

Illinois Is the New California

06/22/2010
by Kristina Rasmussen The Manhattan Institute’s Josh Barro has an excellent column on RealClearMarkets today in which he explains how Illinois overtook California as America’s least creditworthy state and why our Pension Funding & Fairness Act is a good way back to fiscal sanity: If you go to Sacramento this week, don’t be surprised to hear champagne corks popping and...
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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