by Ben VanMetre CNBC released this week its Top States for Business 2013 index. Illinois dropped 11 notches overall, to 37th from 26th, in just one year. The study scores all 50 states on 51 measures of competitiveness, and the metrics are boiled down to 10 broad categories. Each category is weighted differently. Unfortunately, Illinois ranks...
At a time when the state of Illinois has more than $100 billion in unfunded pension liabilities, more than $6 billion in unpaid bills and is coming off of its 13th credit downgrade since 2009, it might shock Illinoisans to hear that Gov. Quinn is one of the highest-paid governors in the country. Gov. Pat Quinn’s salary is $177,412. According...
Lawmakers on the Illinois General Assembly’s pension conference committee failed to meet Gov. Pat Quinn’s July 9 deadline to resolve the differences between the various pension reform proposals on the table. At a press conference Wednesday, Quinn announced that he is freezing legislators’ pay until they come up with a comprehensive pension solution. Quinn said he won’t collect...
by Ben VanMetre Illinois is notorious for ignoring its financial obligations and racking up billions in unpaid bills. When it sits on those unpaid bills long enough, the state has to pay a penalty. Illinois is required by law to pay interest of 1 percent a month on its unpaid bills, also called invoices, when they become...
One of the screwier effects of Illinois labor law was on display recently when an arbitrator ruled that the state would have to terminate its contract with Maximus Health Services. In September 2012, the state hired Maximus to review Illinois’ Medicaid rolls and remove those who were no longer eligible for benefits. The company’s investigation identified 60,000...
by Brian Costin One of the best protections against corruption is transparency, and in today’s digital age one of the easiest ways for government to be open and accountable is through posting public documents on the Internet. Unfortunately, most Illinois counties need to dramatically improve when it comes to online transparency. Last week the Illinois...
Judges’ contributions to the Judges’ Retirement System, or JRS, have gone up by 52 percent since 1998. During the same time period, taxpayer contributions to judges’ retirements increased by 306 percent. In 2012 alone, Illinois taxpayers contributed $47 million more to JRS than judges did. And the disparity between taxpayers and employee contributions is projected...
Nearly every week, I receive a call from an Illinois parent asking about whether the state has a school voucher program. Last week it was a single mother from the South Side of Chicago. Her daughter just graduated from elementary school and will attend one of the city’s worst high schools if her family can’t...
by Ted Dabrowski Legislators’ contributions to the General Assembly Retirement System, or GARS, have gone up by 33 percent since 1998. During the same time period, taxpayer contributions to legislators’ retirements increased by 237 percent. In 2012 alone, Illinois taxpayers contributed nearly $9 million more to GARS than legislators did. And the disparity between taxpayers...
In the wake of Lebron James’ second-straight NBA title and the end of the professional season, free agents across the league are considering their next moves. Some of the biggest names to enter the free-agent fray include the Los Angeles Lakers’ Dwight Howard and New York Knicks sixth-man, J.R. Smith. As these athletes consider their decision, they’ll...
Earlier this week I wrote about Pam Harris, the Western Springs, Ill., mother who is at risk of having a union siphon off state aid money meant to help her care for her disabled son. So how is it that Harris, and so many like her, found themselves treated as employees by the state? Why don’t...
Since last month, gas prices in Illinois have fallen below the $4 mark, dropping by $0.32. But Illinois’ average price per gallon is still almost $0.25 above the national average of $3.48. Chicago’s average price at the pump is even higher – $4.12. Though this is a significant drop from less than a month ago when Chicago had...
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimo’s Pizza, he also cultivates talented employees. He opens his doors to local schools. He helps foster enthusiasm and excitement within his community. That’s because, to Syrkin-Nikolau, business isn’t just about making money. He believes it’s about what he calls “purposeful profit.” “Ultimately, profit is...
Allstate Corp. tops the list of Illinois companies planning layoffs, according to a June report from theIllinois Department of Commerce and Economic Opportunity, or IDCEO. The Northbrook-based insurance company is planning to lay off 348 workers from its Woodridge, Ill., location as part of a restructuring effort to reduce expenses. Under IDCEO’s Illinois Worker Adjustment and...