Illinois’ comeback story starts here.

State of the State BINGO!

State of the State BINGO!

Gov. Quinn’s State of the State address Noon Wednesday, Feb. 6 Watch Gov. Quinn’s State of the State address live online. How he frames the issues and which solutions he offers will be instructive. Gov. Pat Quinn is hinting that his State of the State speech will remind the public how the state?s image has been cleaned...

Despite benefit cuts, number of students pursuing education continues to grow

Despite benefit cuts, number of students pursuing education continues to grow

In 2010, the Illinois Legislature passed a pension bill that cut retirement benefits for new teachers. Both of the state’s major public school teachers unions said at the time that it would make it harder for Illinois schools to recruit educators.

California’s fake reforms yield credit upgrade

California’s fake reforms yield credit upgrade

In January, Standard and Poor’s upgraded California’s credit rating to A from A-, an action the rating agency said resulted from the state’s “improved fiscal condition.”

Proponents of progressive tax say rates can be decided later

Proponents of progressive tax say rates can be decided later

State Rep. Naomi Jakobsson, D-Urbana, recently proposed to implement another income tax hike in Illinois is gaining interest across the state. A progressive income tax increases taxes on individuals more as they make more money.

New House Rules stifle negotiations

New House Rules stifle negotiations

The Illinois House of Representatives met yesterday for the first time since being inaugurated on Jan. 9 to adopt the House Rules, HR 34. The most significant change in the rules for the 98th General Assembly is that all bills must receive the approval of the Rules Committee to be sent to substantive committees, where the legislation...

By Matt Paprocki, Jane McEnaney

Fitch warnings don’t mean kick the can down the road

Fitch warnings don’t mean kick the can down the road

Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within six months. That warning is just another whack for a state that already has been downgraded...

Early warning system to thank for keeping 2011 tax increase from becoming permanent

Early warning system to thank for keeping 2011 tax increase from becoming permanent

During a lame duck session two years ago, the Illinois General Assembly passed a 67 percent income tax increase on all Illinois families. When the bill was filed in early 2011, almost no one knew of its existence. I was the House staffer on revenue at the time, and I only heard about it at 6...

By Matt Paprocki