Pennsylvania

Another state credit downgrade highlights need for pension reform

07/23/2014
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 …...

‘Keep Your Promise’: IL lawmakers must let temporary tax hikes sunset

By Benjamin VanMetre
06/20/2014
Temporary tax hikes notoriously stick around longer than planned. Pennsylvania passed a 10 percent tax on alcohol to pay for damage from a flood in 1936. The state continued to levy the tax after the flood damage was paid for. Today the rate is 18 percent. But lawmakers across the country have been better at...

TAGS: income tax, taxes

Illinois loses 3,200 payroll jobs, another business exits the state

By Michael Lucci
04/18/2014
Illinois lost 3,200 payroll jobs in March, and the state’s unemployment rate ticked down to 8.4 percent from 8.7 percent, according to the Bureau of Labor Statistics. Illinois’ month-over-month change in payroll jobs was the third-worst nationally. Only Pennsylvania and Virginia lost more jobs. This news comes fresh on the heels of the announcement by...

Illinois’ ‘obesity epidemic’

By Brian Costin
02/01/2014
In a recent editorial, Better Government Association, or BGA, President Andy Shaw debates examines Illinois’ “obesity epidemic.” But bulging waistlines are not the target of Shaw’s ire. Instead, he complains about Illinois’ abundance of taxing bodies. “This is about a state that’s morbidly obese when it comes to government: Illinois has nearly 7,000 separate taxing...

TAGS: local government

Union membership decreases nationwide

By Paul Kersey
01/27/2014
Last week, the U.S. Bureau of Labor Statistics released its latest report on union membership in the United States, which covers 2013. The results showed that unions failed to gain members – a fact that will likely prove disappointing for union officials, who might have hoped to regain lost membership under a very pro-union president....

Illinois has 43% of the country’s public pension plans

By Brian Costin
12/11/2013
Illinois has 43 percent of the nation’s public pension plans, according to a 2012 study published by the Commission on Government Forecasting and Accountability, or COGFA, conducted by Marquette Associates on local police and fire pensions in Illinois. According to publicly available data, there are 1,511 public pension plans in the United States. With 657...

TAGS: pensions

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

Medicaid plagued with wasteful spending

By Jonathan Ingram
07/16/2013
The Medicaid welfare program has long been plagued with wasteful spending. The U.S. Government Accountability Office designates Medicaid as a high-risk program, largely because it is “particularly vulnerable to fraud, waste, abuse and improper payments” and has inadequate oversight to prevent wasteful spending. Indeed, the U.S. Department of Health and Human Services, or HHS, reports an improper...

Pat Quinn is fourth-highest paid governor in the country

By Hilary Gowins
07/10/2013
At a time when the state of Illinois has more than $100 billion in unfunded pension liabilities, more than $6 billion in unpaid bills and is coming off of its 13th credit downgrade since 2009, it might shock Illinoisans to hear that Gov. Quinn is one of the highest-paid governors in the country. Gov. Pat Quinn’s salary is $177,412. According...