Illinois spends more money on retirement costs than on university operations – and tuition keeps rising to prop up this overspending. Instead of hiking taxes to maintain current spending habits in higher education, politicians should shift priorities from propping up six-figure administrators to keeping tuition affordable for students.
As lawmakers consider massive tax hikes on Illinoisans, they should look to consolidate nearly 7,000 units of local government and to cut their high administrative costs.
As pressure mounts on state senators and representatives to vote in favor of multibillion-dollar tax hikes, lawmakers should remember the promises they’ve made to taxpayers.
The U.S. Census Bureau released new migration data Dec. 20, and it’s frightening. Illinois has a massive people problem. From July 2015 to July 2016, the state’s population declined by more than 37,000 people. That’s the worst population loss in the nation, and will likely mean the loss of a seat in the U.S. House...
The expiration of the state’s EDGE program – which has given large companies more than $1 billion in tax credits the last 15 years – is good news for taxpayers and should encourage lawmakers to pass real reforms.
Metropolitan jobs data shows that from October 2015 – October 2016 the greater Chicago area is up +33,500 jobs while the rest of the state is down -2,700 jobs. Measured since before the Great Recession, from October 2007 – October 2016, the greater Chicago area is up 110,100 jobs while the rest of the state is down -42,700 jobs.
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.