Pennsylvania’s reform efforts mirror the national trend of modernizing public and private retirement systems with 401(k)-style defined-contribution plans.
The bad news keeps piling up for Illinoisans. Illinois Policy’s “corruption watch” blog series hit a new high in the month of July with nearly 100 corruption-related stories. Chicago and Springfield are the two cities most synonymous with the state’s corruption woes. Unsurprisingly, both cities dominated headlines with the top two corruption stories of the...
The state of Pennsylvania isn’t afraid to shame their convicted politicians, and Illinois shouldn’t be either. Recently, Pennsylvania started shaming the lawmakers who have been convicted of a crime by adding a detailed plaque under their portraits hanging in the state Capitol building in Harrisburg. The plaques highlight offenses committed by convicted lawmakers, including the...
Pennsylvania is the latest state to receive a Moody’s Investors Service credit downgrade. The drop was largely due to the state’s growing pension crisis. Moody’s issued the following statement with its credit downgrade of Pennsylvania to Aa3 from Aa2: “The downgrade of the general obligation rating to Aa3 reflects the commonwealth’s growing structural imbalance …...
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...