Pat Quinn

Chicago Public Schools looking for cash can start by ending teacher pickups

By Benjamin VanMetre
06/19/2013
Chicago Public Schools pension payment will increase by roughly $400 million due to the expiration of a temporary “pension holiday.” Local lawmakers knew this was coming but did nothing to prepare for the increased payment. The good news is there is a simple, responsible way to cut more than 30 percent of the increased pension...

Capitol Updates: Special session

By Jane McEnaney
06/19/2013
In early June, Gov. Pat Quinn called lawmakers to return to Springfield on June 19 for a one-day special session on pension reform. This came in the wake of yet another downgrade of Illinois’ credit as a result of inaction on pension reform when the legislative session adjourned on May 31. Our most recent knocks from Moody’s Investors Service and Fitch Ratings  mark Illinois’ 12th...

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’ supersized pension problem

By Ted Dabrowski
06/13/2013
Illinois’ pension problem dwarfs the retirement problems in all other states. Officially, the underfunding of the five state-run pension systems total $100 billion. But when more realistic assumptions are used, the shortfall exceeds $200 billion. Without real pension reform, every Illinois household is on the hook for more than $40,000 in additional taxes just to cover...

Will Illinois embrace education innovation?

06/12/2013
Illinois legislators have a major decision to make: should the state adopt policies that will enable it to become a future hub of education innovation or should it institute laws that needlessly delay the policies necessary to create a school system that embraces technology? Thus far, Illinois has chosen the latter path. In fact, Gov. Pat...

Moody’s downgrades Illinois credit rating: 13th credit downgrade under Quinn

06/06/2013
by Ted Dabrowski Moody’s Investors Service downgraded Illinois’ credit rating to “A3” from “A2” after the General Assembly failed to move forward on pension reform before the end of the spring legislative session. The rating agency also says it has a negative outlook on Illinois’ credit: “The negative outlook reflects our expectation that Illinois’ pension...

Fitch downgrades Illinois after lawmakers fail to pass pension reform

06/03/2013
by Ted Dabrowski Fitch Ratings downgraded Illinois’ credit rating to “A-” from “A” after the General Assembly failed to move forward on pension reform before the end of the spring legislative session. In its statement announcing the downgrade, Fitch called Illinois’ pension liability “unsustainable” and said it was concerned about the state being able to...

Will Illinois legislators break their promise to reduce taxes?

05/31/2013
by Ted Dabrowski and Paul Schumacher In 2011, when Illinois legislators passed the largest income tax increase in the state’s history, they promised to roll back the increase beginning in 2015.  “We have some temporary tax increases that are designed to pay our bills, get Illinois back on fiscal sound footing and make sure that our state...

Capitol Updates: May 31

By Jane McEnaney
05/31/2013
Health care  On Memorial Day, the Illinois General Assembly passed Senate Bill 26, which drastically expands the state’s Medicaid program and is one of the key provisions of implementing ObamaCare. During yesterday’s Senate floor debate, state Sen. Heather Steans, D-Chicago, presented the bill that appropriates the funds for fiscal year 2014’s human services budget. Steans admitted that the...
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Illinois Forward 2027: How to fix Illinois’ state finances

Pro-growth policies and fiscal responsibility can ensure Illinois’ long-term budget health. Here’s how state leaders can do it.

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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