A study from professors at the University of Chicago and Lake Forest College showed that Illinois communities with TIF districts grew substantially slower than non-adopters.
States that dont have an income tax manage to stay out of the red, and many are even operating with budget surpluses. Texas, for example, currently foresees and $8.8 billion surplus over its current two-year budget cycle.
The financial meltdown and Great Recession is teaching an expensive lesson: When big institutions face financial crises, governments are all too eager to bail them out.
On Thursday, the Illinois Senate passedAi??a bill sponsored by Senator Brady that would compile information on employee characteristics, compensation and mobility. Cheap compazine side This is an important piece of legislation because approximately one-third of the stateai??i??s budget goes towards compensation. Yet, simple top-line data on the labor forceAi??is very difficult and in some instances...
Illinois Policy Institute Senior Fellow Leonard Gilroy was interviewed by the Associated Press about Mayor Emmanuel's $7 billion public-private partnership plan for Chicago.
by Mark Cavers Last week, Governor Quinn signed into law the Tax Disclosure Act, which instructs the Department of Revenue to provide information on all state and local taxes in a single, central online database. Under this law, citizens will be able to see every tax they pay with just a few clicks of the mouse....
by Dan Proft I do not think government functionaries should set private sector salaries or that U.S. policymakers should be adorned with the appellation properly reserved for Russian autocrats. But, if I did not believe in free markets and free minds, NBA Commissioner David Stern would be my choice for “Pay Czar.” Stern is in the...
by Wesley Fox With the release of the 2010 Capital Bill Piglet Book highlighting wasteful spending by the state, I was curious to see what kind of wasteful spending was taking place at the federal level on behalf of Illinois. This information was gathered from the Citizens Against Government Waste Pork Database and includes their sponsored earmarks for the...
Apparently Bill Gates, Sr. is not smarter than a 5th grader because he seems to think the correct answer is 74. Mr. Gates is advocating for a progressive income tax increase in Washington state. He has put $500,000 of his own money into the initiative campaign to impose this tax on the people of Washington. That data...
by Kate Piercy Last year, the White House told us the stimulus bill would cut unemployment, estimating it would be down to 7.5 percent today. As Dan Mitchell writes in today’s New York Post, “something obviously went wrong.” Today we’re at 9.5 percent unemployment. What happened? Part of the problem, according to Mitchell, was the faith in...
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...