U.S. state

Illinois Forward: A 5-year plan for balanced budgets, declining debt and tax relief

By Adam Schuster
02/15/2020
The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...

Illinois Corruption Watch, May 2014

By Brian Costin
06/04/2014
In completing our second month of the new “Illinois Corruption Watch” project, we are shocked at the volume of corruption stories being reported across the state. In just two months we have found reports of 101 different corruption-related stories; 45 in April and 56 in May. It’s no wonder Illinois citizens have by far the...

Moody’s: Illinois 2011 unfunded liability jumps by 65 percent

By Chris Andriesen
06/28/2013
by Ted Dabrowski and John Klingner Moody’s Investors Service reported that Illinois’ true unfunded pension liability in fiscal year 2011 was nearly 65% higher than the state’s official estimate. In its report titled “Adjusted Pension Liability Medians for U.S. States,” Moody’s calculated the unfunded liabilities for Illinois’ three largest state-run pension plans at $133 billion, compared...

Morris is ideal corruption fighting location for Illinois capital

By Brian Costin
06/03/2013
If your goal is to fight public corruption, where should Illinois’ capital be? That’s essentially the question asked in a recent Huffington Post article, which examined the results of two studies on the correlation between the remoteness of state capitals and public corruption. The surprising answer is Morris, a city of 13,636. Morris is also...