Industry sources report one of Chicago’s largest money management firms could soon move their Illinois headquarters to Florida. Guggenheim Partners would be the sixth large company and second investment firm to move out of Illinois in the past year.
Illinois’ congressional Democrats asked for an additional $25 million to pay for security at the 2024 Democratic National Convention in Chicago. Host cities typically receive $50 million.
This week’s The Policy Shop is by Bryce Hill, director of fiscal and economic research for the Illinois Policy Institute. Illinois’ pension crisis is the driving force behind its high property taxes. With $140 billion in unfunded liabilities in the five state-run systems alone, plus another $70 billion in local pension system debt, state lawmakers’ default...
The four top lobbyists and executives at the state’s largest electric utility were convicted May 2 for their involvement in a multi-year scheme to funnel $1.3 million in jobs, contracts and payments to sway the former Illinois House Speaker.
The proposal by state Sen. Robert Martwick is intended to fix a technical problem with the Tier 2 pension system, but Martwick said he doesn’t know how much it could cost taxpayers. He said it could be “billions.”
Gov. J.B. Pritzker told Harvard students self-financing political campaigns isn’t the answer, calling for campaign finance reform. Pritzker self-financed both of his gubernatorial campaigns for a total of $323 million.
Illinois lost more than 105,000 residents and $10.9 billion on net in adjusted gross income to other states from 2020-2021, according to new federal tax return data. Losses were spread across every age and income group.
Illinois homeowners have lost the full value of their homes over relatively small tax debts. But a case now before the U.S. Supreme Court could end that practice in Illinois and across the country.
While total Chicago voter turnout hit a high April 4, in-person voting on Election Day reached the lowest level in Chicago mayoral runoff history. Most Chicagoans voting did so early or by mail.
This week’s The Policy Shop is by Bryce Hill, director of fiscal and economic research for the Illinois Policy Institute. We all know someone who’s left Illinois … or talks about it. What’s shocking is how deep the negative outlook on the state of Illinois runs. New polling shows 51% of Illinoisans want to leave,...
New polling shows 62% of Illinois voters support school choice. Also, 59% support Illinois’ only school choice program, the Invest in Kids Tax Credit Scholarship Program, which will expire at the end of 2023.
Fifty-six percent of Illinoisans support amending the Illinois Constitution to reform the state’s public pension systems. Illinois has the nation’s least-funded pension plans.