Teacher Retirement System of Texas

Budget Solutions 2019: The responsible budget for Illinois

By Orphe Divounguy, Bryce Hill, Joe Tabor
02/06/2018
Even after a 32 percent income tax hike, the Illinois General Assembly passed a state budget in 2017 that will generate an estimated $1.5 billion deficit in fiscal year 2018. That deficit is projected to grow to $2.15 billion in fiscal year 2019, according to the Governor’s Office of Management and Budget, or GOMB. The...

‘Illinois math’ in one tweet

By Michael Lucci
07/05/2017
The Land of Lincoln needs to end the phony math and restructure its debts and pensions. But legislative incompetence will keep the state in a death spiral.

TAGS: budget, Chris Welch

Illinois needs to end the third-party payer problem for teacher pensions

By Michael Lucci
03/24/2017
Illinois’ teacher pension system is structured to allow local school boards to agree to generous contracts, knowing taxpayers across the state will foot the bill. This system should change so that local school boards cover their own pension costs. That way, they will bear the full cost of salary increases they decide on, rather than pushing much of that cost onto unaware state taxpayers.

TAGS: education, pensions, teacher salaries, TRS: Teachers’ Retirement System