In his annual budget address, Mayor Rahm Emanuel provided an optimistic outlook on city finances, but no major reforms to give taxpayers reason to smile.
Latest budget proposal from House Democrats would almost certainly cause further delays in officials’ pay, as Gov. Bruce Rauner would likely veto the plan, which is unbalanced by $7 billion.
llinois Comptroller Leslie Munger said Speaker Madigan's budget proposal would increase the state's unpaid bills to $15 billion and cause eight to nine month payment delays for vendors.
Donna Arduin is an Illinois Policy Institute senior fellow and a partner at Arduin, Laffer & Moore Econometrics, a group that advises federal, state and municipal leaders, as well as political candidates and private-sector clients, on economic, fiscal and state policies.
The array of six tax-hike proposals adds up to more than the state’s total projected general-fund spending in fiscal years 2016, 2017 and 2018 – combined.
Senate Bill 2758 establishes a brand new governmental entity with a brand new governmental function: to establish and administer a “mostly mandatory” IRA retirement savings program for private-sector workers.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...