by John Tillman Below, you will see a link to my brief response to Gov. Quinn’s 2012 State-of-the-State speech presented at noon today in Springfield. The overarching theme with the Governor’s speech is that Illinois is moving forward and is “back on course.” How does that square with the people of Illinois? Actually, 74% say the...
The problem Earlier this year, Illinois lawmakers purportedly passed a budget that reduced overall state spending. As part of this supposed budget reform, the state’s runaway Medicaid budget was to be brought under control. A review of the fiscal year 2012 budget will show that the money appropriated to the Medicaid program for fiscal year...
by Jonathan Ingram Earlier today, Republican members of the Illinois House of Representatives filed a resolution in the General Assembly urging the federal Super Committee to recommend granting the state greater flexibility in administering its Medicaid program. In particular, they ask that the Super Committee and Congress repeal the “maintenance of effort” requirements in ObamaCare. As you...
by Kolin Karchon On August 1st, the city of Central Falls in Rhode Island filed for Chapter 9 bankruptcy protection citing that “the city’s financial condition has deteriorated to the point where it is insolvent.” The city’s pension plan is expected to run out of assets by October, but city negotiations regarding benefit cuts with current workers...
In February, Illinois Gov. Pat Quinn proposed an unbalanced budget that relied on hefty tax increases and $8.75 billion in borrowing – not to mention, increased overall state spending by $1.7 billion. If followed, Gov. Quinn’s budget will prompt Illinois to run recurring, annual deficits of nearly $3 billion by the year 2016. By the...
Budget Solutions 2012 is an alternative budget that does not rely on the states recent tax hikes as a revenue source, does not include borrowing and has positive cash flow for fiscal year 2012.
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...