Rod Blagojevich

Forget reform: Illinois legislators want to borrow $4 billion

By Ted Dabrowski
11/28/2012
It was déjà vu in Springfield as proponents of more debt pushed Illinois to borrow another $4 billion from the bond market. Their promise? That the state’s backlog of bills would finally get paid down. This is exactly what we heard almost two years ago, when advocates of the massive $7 billion income tax increase...

Pensions and the Civic Committee

11/21/2012
Illinois has a long history of fake reforms – legislative proposals that promise to solve the great policy challenges of the day when passed, but never actually accomplish these goals. There is perhaps no bigger fake reform than the 1995 pension ramp passed by the Republican-controlled General Assembly and signed into law by former Gov....

The cost of Quinn

By Ted Dabrowski
10/19/2012
Gov. Quinn is not getting great press these days. The Cato Institute recently ranked him the worst governor in the nation. His approval rating stands at just 26 percent. And while Gov. Quinn may choose to ignore those messages, he may want to heed the warnings the financial markets continue to fire his way. Credit agencies have...

Rebooting transparency

12/23/2011
by Mark Cavers This article, along with other original stories, first appeared in the Institute’s quarterly magazine, the Compass. The Illinois Policy Institute released a report in November exposing how the state was removing salary information from its designated transparency website. We are happy to announce that the state has returned the information to the portal. The state...

Small business alert: Tax relief is waiting for you?

12/14/2011
by Dan Proft In January of this year, Gov. Pat Quinn, House Speaker Mike Madigan and Senate President John Cullerton passed the largest tax increase in Illinois history. They proceeded to spend much of 2011 carving out special exceptions to the tax hike for politically powerful Illinois employers. This week, Sears and the CME Group...

Blagojevich vs. Illinois taxpayers: How the fiscal legacy of Blago is alive and well

12/05/2011
Introduction Rod Blagojevich’s tenure as governor of Illinois will have a lasting effect on the state’s reputation and fiscal condition. From January 2003 to January 2009, Blagojevich made headlines for his sensational comments, political feuds and backroom deals. After being arrested in December 2008 on charges of political corruption, the Legislature removed him from office...

Illinois’ pension bonds: The other $26 billion obligation you shouldn’t ignore

10/20/2011
In just ten years, the Illinois General Assembly pushed the burden of billions in government spending onto Illinois’ future generations. Official estimates put Illinois’ unfunded pension liability at $85.6 billion. But that amount does not take into account the $25.8 billion in pension obligation bond (POB) payments still outstanding, which have a net present value...

An End to Taxpayer-Funded Advertising for Politicians?

04/26/2011
by Brian Costin One of my biggest pet peeves of all times is how some politicians have an insatiable need to put their name on things at the expense of the taxpayers. The open road tolling signs with former Governor Blagojevich’s name and the Richard M. Daley signs at O’Hare Airport come to mind. However, a...