Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

By Joe Tabor

08/17/2022

Published Aug. 17, 2022 Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension...

Illinois’ financial condition worsens despite receiving billions in federal aid

By Justin Carlson

10/01/2021

A new report from watchdog Truth in Accounting shows each taxpayer’s share of state debt has nearly doubled since 2009 to $57,000 as total debt increased by $10 billion—mostly due to pension obligations.

TAGS: budget, debt, Illinois, Truth in Accounting

New study gives Illinois an ‘F’ for civics and history education standards

By Noah Shaar

07/01/2021

A recent study by the Fordham Institute critiqued Illinois’ education standards for U.S. history and civics education. Illinois’ standards lacked mention of historical concepts and did not offer goals for what each grade should learn in civics and U.S. History.

TAGS: education, Illinois, public schools

Hidden pension ‘tax’ costs each Illinoisan more than $1,400 per year

By Orphe Divounguy, Bryce Hill

03/02/2021

Illinoisans pay a hidden pension tax. Eliminating that cost would free up resources to help Illinois recover from the COVID-19 recession while also raising the state’s long-term economic potential.

TAGS: pensions, public sector, taxes

Lightfoot budget includes automatic property tax hikes, gas tax hike

By Adam Schuster

10/22/2020

A typical Chicago homeowner faces up to $255 in potential property tax increases to cover city and school deficits. City income taxes could be next, if the ‘fair tax’ were to pass.

TAGS: budget, Chicago, Lori Lightfoot, property taxes

Illinois lawmakers introduce bills to delay property tax payments

05/16/2020

Illinoisans who have struggled without paychecks because of the COVID-19 shutdown could get a delay on their property taxes. The hope is they are working again before they must pay the bill.

TAGS: coronavirus, COVID-19, property taxes

Pritzker doubles down on progressive income tax, says Illinois needs $3.7B tax hike ‘now more than ever’

By Bryce Hill

04/20/2020

Despite a massive national economic contraction, Pritzker is resisting calls to pull a large tax hike from the November ballot.

TAGS: coronavirus, COVID-19, progressive income tax

Illinois moves closer to becoming first ‘junk’ state with negative credit outlook

By Adam Schuster

04/12/2020

Illinois’ financial outlook was changed from ‘stable’ to ‘negative’ by two major ratings firms, raising the risk the state’s credit rating will formally fall to non-investment grade status.

TAGS: bonds, credit rating, debt, Moody's Investor Service, Standard & Poor's

Nearly 1.5M Illinois workers risk layoffs or reduced hours from COVID-19 economic fallout

By Orphe Divounguy, Bryce Hill

04/03/2020

A quarter of Illinois’ workers are staring down the economic impacts of a global pandemic.

TAGS: coronavirus, COVID-19, GDP: gross domestic product, jobs, labor force participation rate, unemployment

Repeal Day: Prohibition ended 86 years ago, but Illinois’ alcohol taxes, regulations remain sobering

By Vincent Caruso

12/05/2019

With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. Illinois, however, has continued to serve a cocktail of prohibitive regulations on alcoholic beverages.

TAGS: alcohol tax, Associated Beer Distributors of Illinois, Bruce Rauner, capital plan, Chicago, craft beer, distillery, Hospitality Business Association of Chicago, ILGA: Illinois General Assembly, Illinois, JB Pritzker, Liquor Control Act, liquor laws, Midwest, prohibition, Sara Feigenholtz, soda tax, taxes, Toni Preckwinkle, vape ban, vaping, Wine & Spirits Distributors of Illinois

The Great Depression

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

Illinois’ financial condition worsens despite receiving billions in federal aid

New study gives Illinois an ‘F’ for civics and history education standards

Hidden pension ‘tax’ costs each Illinoisan more than $1,400 per year

Lightfoot budget includes automatic property tax hikes, gas tax hike

Illinois lawmakers introduce bills to delay property tax payments

Pritzker doubles down on progressive income tax, says Illinois needs $3.7B tax hike ‘now more than ever’

Illinois moves closer to becoming first ‘junk’ state with negative credit outlook

Nearly 1.5M Illinois workers risk layoffs or reduced hours from COVID-19 economic fallout

Repeal Day: Prohibition ended 86 years ago, but Illinois’ alcohol taxes, regulations remain sobering

Chicago Forward 2026: A pro-growth plan to end city budget deficits

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students