This was an eventful week in Springfield with both chambers in session. Virtual charter school moratorium bill moves to Senate subcommittee The Senate Education Committee did not hear House Bill 494 during its hearing on Tuesday, so the Illinois Policy Institute’s Vice President of Policy, Ted Dabrowski, was unable to testify in opposition to the bill as planned. Instead,...
Illinois Speaker Michael Madigan’s pension proposal (House Amendment #1 to Senate Bill 1) perpetuates Illinois’ crisis. The plan locks in the unmanageable defined benefit plan, guarantees the crowd out of core government services and continues the irresponsible pension payment ramp. Madigan’s plan keeps politicians in control of state employee pensions. By failing to get rid of...
by Paul Kersey Earlier today the Alliance of Charter School Teachers and Staff, known as ACTS, presented cards that were apparently signed by a strong majority of teachers at United Neighborhood Organization charter schools. An observer appointed by UNO and the union counted the cards and determined that ACTS would henceforth represent UNO teachers. For...
by Brian Costin Gov. Pat Quinn just hiked my property taxes. And, if you’re younger than 65 years old, he just hiked your property taxes too. But if you attended Quinn’s bill signing ceremony for Senate Bill 1894 you would have seen him championing himself as a fighter against Illinois’ outrageously high property tax rates, as evidenced...
The problem The blame for Illinois’ pension crisis is often laid at the feet of state politicians who supposedly “skipped” payments and caused the state’s five pension systems to be underfunded. This has prompted legislators to add a “funding guarantee” to the current crop of pension reforms bills in order to stop any future pension...
Tax Increment Financing, or TIF, districts are a controversial economic development tool – and there is no concrete evidence they actually work. In fact, 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.” By law, TIFs are intended to promote economic...
Flaws of the defined benefit system are really at the core of the state’s pension problems.
Earlier this year, theAi??Illinois Policy Institute released a Vote Card, grading each of our state senators and representatives on their voting record. Today, theAi??National Taxpayers Union Types of generic synthroid Ai??released its 2011 Congressional Rating, which grades legislators at the national level. The Congressional Rating scores each senator and representative on his or her commitment...
The new owners of Hostess Brands are preparing to restart the production of Twinkies, Ho Hos and all those other sugary treats. Among the plants they plan to reopen is the one in the Chicago suburb of Schiller Park.
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 Senate Executive Committee voted Wednesday in favor of a bill some have described as a puppy lemon law.
The average unemployment rate for states without an income tax is 6.6 percent. Illinois has the nations second-highest unemployment rate ringing in at 9.5 percent, or nearly three full percentage points higher than states that dont tax income.
Sunshine State offers Illinois businesses a brighter future