Published Oct. 16, 2024 Illinois finds itself at a crossroads: will it empower minorities and poor people to unleash their potential, or will it perpetuate an inequitable status quo? For far too many Illinoisans, opportunity is unfairly and unnecessarily out of reach. Illinois ranks in the bottom ten among all states in social mobility and...
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...
Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...
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...
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...
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...
Institute CEO, John Tillman, on First Business discussing the pension funding shortfalls in Illinois and across the U.S., and answering the question of whether a federal bailout for Illinois is near.
Institute CEO, John Tillman, on First Business discussing the pension funding shortfalls in Illinois and across the U.S., and answering the question of whether a federal bailout for Illinois is near.
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...