Tag: Illinois
Tag: Illinois
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ALEC in Center Square: Why Illinois Doesn’t Rival Prosperous Arizona
Jonathan Williams, ALEC Executive Vice President, Policy and Chief Economist, was recently featured in Center Square, speaking about the economic prosperity of Arizona compared to states like Illinois. The…
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Illinois State of the State: “We cannot tax and borrow our way into prosperity”
Governor Bruce Rauner focused largely on the financial stress plaguing Illinois during his 2018 State of the State Address and Budget Address. The Land of Lincoln is one…
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Support for Soda Tax Fizzles in Cook County
Tax-and-spend proponents have a serious problem when even the greater Chicagoland area, long known as a city that soaks taxpayers, heeds citizen uproar and moves to repeal a tax. The…
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State of the State: Illinois
From Illinois’ crushing taxes and regulations to the state’s fiscal problems, it is easy to see why people are voting with their feet and leaving the state at disproportionately high rates. If the Land of Lincoln wishes to stop the bleeding, Governor Rauner can’t be the only one with good ideas—members of the General Assembly and the general public need to get behind necessary reform efforts to save the state.
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Illinois Pensions Are Underfunded by $362.6 Billion
The Land of Lincoln remains on a dangerous fiscal trajectory, according to a new report on unfunded public pension liabilities from State Budget Solutions...
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Hackers Target State Voter Databases: Are They Targeting Personal Information or Intending to Tamper with Elections?
As a number of people know by now, the Cyber Crimes Division of the Federal Bureau of Investigation (FBI) recently released a Flash memorandum warning state Boards of Elections…
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State of the State: Illinois
Given the severity of Illinois’ problems, now is the time for bold reform.
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In Face of Chicago Downgrade, State Legislature Looks to More Pension Borrowing
When Fitch Ratings downgraded the city of Chicago's bond ratings at the end of last week, it seemed like just another step on the road to financial disaster for the Windy City.
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Hey Chicago, Whattya Say? Chapter 9 On the Way?
When Detroit filed for Chapter 9 municipal bankruptcy, observers offered many reasons for the city’s dire fiscal condition. A very narrow discussion just about Detroit’s condition fails to tell the the truth that approximately 100 cities across America face profound fiscal challenges very similar in scope—even with more diverse economies and steadier population. In fact, Chicago is one of those cities.
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State Budget Crisis Task Force Outlines Extent of Illinois’ Budget Crisis
The State Budget Crisis Task Force, a group chaired by former New York Lieutenant Governor Richard Ravitch and former Federal Reserve Board Chair Paul Volcker, recently released a report focused on the critical state of Illinois' finances.