The expedited hearing is good news. It means the state will know specifically what it can do to address its $111 billion unfunded pension debt sooner rather than later.
Leibundguth Moving & Storage has been in Downers Grove, Illinois, since 1928, and for over 70 years it has had a hand-painted sign on the back of its building facing the Metra commuter rail tracks.
There is a silver lining should the Supreme Court rule against the ACA: Illinoisans would no longer be subject to an estimated $6.5 billion in IRS penalties.
Despite Illinois’ precarious financial situation, some lawmakers are continuing their efforts to establish an expensive state-based ObamaCare exchange.
If this Supreme Court strikes down the IRS subsidies in states without a state-based health-insurance exchange, Illinois employers and employees would see much-needed relief.
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.