March 15, the ides of March, is the one-year anniversary of former Illinois Gov. Rod Blagojevich heading to prison. At the time of his conviction Illinois Policy Institute CEO John Tillman hailed the Blagojevich verdict as an opportunity to end an era of corruption in Illinois. “This trial represented what is the absolute worst of...
As Gov. Pat Quinn delivers his fifth annual budget proposal today, it’s important to review the governor’s track record and what his policies have meant for Illinois. When Quinn took office in 2009, Illinois was reeling from former Gov. Rod Blagojevich and his culture of deficits and corruption. The state’s fiscal condition was a shaky...
Illinois is in crisis. According to official government numbers, Illinois has an unfunded pension liability of $96 billion – the worst in the nation. This heavy debt burden, combined with the state’s culture of out-of-control, wasteful spending, has driven the state into an economic death spiral. Illinois cannot be economically prosperous until real pension reform...
The only way to end Illinois’ pension crisis is to empower government workers by transitioning benefits for all future work to a defined contribution system.
With the last procedural hurdles cleared, Senate Bill 1556, also known as the "management" bill, will be presented to Gov. Pat Quinn and is expected to receive his signature.
Sometimes it seems politicians and lobbyists pack in more flip-flops than a busload of college kids heading off on spring break.
Principles are shorn. Taxpayers are fleeced.
State Rep. Elaine Nekritz, state Rep. Daniel Biss and several of their rank-and-file colleagues recently unveiled a new pension reform proposal. These lawmakers should be commended for stepping forward with a plan, rather than waiting on their political leaders to get around to fixing the problem. Unfortunately, the Nekritz-Biss plan falls short of fixing the...
As the pension crisis threatens to engulf Illinois, legislators continue to fiddle. It’s no secret that Illinois has the worst-funded state pension systems in the nation. That’s an accepted fact by those on both sides of the aisle. Unfortunately, that fact hasn’t motivated any action from the state’s politicians. Now recent news point to even...
CLICK HERE TO ACCESS THE UNION PAC DATABASE The database shows which Illinois politicians have received donations between 2002 to 2012 from PACs associated with: American Federation of Labor and Congress of Industrial Organizations (AFL-CIO); American Federation of State, County and Municipal Employees (AFSCME); Illinois Education Association (IEA); Illinois Federation of Teachers (IFT); and Service...
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.