Illinois Policy Institute
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From Prairie State Wire
Despite Senate raving about $38.5 billion bipartisan budget for FY2019, the numbers don't add up
The $38.5 billion budget passed without a revenue estimate is not what it seems.
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From Prairie State Wire
Population falling, but Illinois government leaders agree to spend, borrow more
Illinois state government leaders say they will spend a record $38.5 billion and borrow an estimated $11.5 billion over the next year, according to a fiscal year 2019 budget plan approved by Gov. Bruce Rauner.
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Voters are to blame for pension crisis, former Rep. Elaine Nekritz says
Former state Rep. Elaine Nekritz (D-Northbrook) said Illinois voters are to blame for the state's pension funding crisis during a discussion posted on the Illinois Policy Institute's Facebook page.
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McSweeney argues cost of Obamacare is crushing lllinois
Unless the Affordable Care Act (ACA) is repealed or replaced, it will continue to wreak havoc on Illinois' financial situation, even with the state's new budget, Rep. David McSweeney (R-Barrington Hills) told a House Revenue and Finance Committee during a recent hearing.
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Policy institute exec joins Rauner in crusade to save taxpayers
Gov. Bruce Rauner is bringing in a "champion" to fight for Illinoisans.
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Rauner replaces Chief of Staff Goldberg with Illinois Policy's Rasmussen
Gov. Bruce Rauner has fired his Chief of Staff Richard Goldberg and replaced him with Illinois Policy Institute President Kristina Rasmussen.
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Illinois held down by economic, moral decay, analyst says
While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
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House panel told property tax freeze would crush school districts
Freezing property taxes will be financially disastrous to some school districts, the superintendent of a Lake County school district told a House panel on Friday.
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Overtaxed Illinoisans also seeing nation's smallest growth in personal income
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from the Pew Charitable Trusts recently published on the Illinois Policy Institute website.
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Round Lake area consolidation efforts typify Illinois' struggles, writer argues
The Round Lake area in Lake County exemplifies Illinois’ strengths and weaknesses, a writer for the Illinois Policy Institute said recently. It is a contrast of stunning natural beauty and a close adaptable community set against inefficient local governance, Joe Kaiser wrote.
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Tax analyst: Illinoisans crushed under weight of sales, income, property taxes
Illinoisans pay more in total taxes than anyone else in the nation, so any thoughts about adding to that burden need to be forgotten, a tax analyst argued recently.
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If budget hopes are scrapped, Illinois could become first 'junk' state
The chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.
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Bankruptcy bounces around as backup plan
After two years without a budget and a failed attempt to compromise on a "grand bargain," some in Illinois are asking whether bankruptcy is a viable way out of the state's financial morass.
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'Privilege tax' bills described as Illinois exit signs
Rather than bring in more money for the state, a pair of bills would probably drive more businesses out of Illinois, the founder of a financial website says.
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Wauconda mayor cheers inclusive memorial vote as he departs
Wauconda Mayor Frank Bart didn't see his preferred successor win in the recent election, but he leaves office with the consolation that the township's Heroes of Freedom Memorial will be more inclusive.
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Illinois households saddled with $56,000 tax burden to pay government employees' retirement debt
Taxpayers across Illinois are saddled with a major tax burden, a recent report from the Illinois Policy Institute concluded.
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Illinois population dropping sharply
The state of Illinois is losing people faster than any other state in the Midwest.
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Illinois faces continued economic downturn, think tank reports
Illinois lawmakers are considering a multibillion-dollar tax hike that the Illinois Policy Institute says may worsen the state’s already weakened economy.
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Illinois residents slammed by sales taxes
Illinois residents are being slammed by ever-rising taxes, from a tax on soda pop in Cook County to a citywide tax increase of 0.5 percent in Danville.
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Illinois may be heading for recession, think tank reports
Illinois lawmakers are considering a multibillion-dollar tax hike that the Illinois Policy Institute says may worsen the state’s already weakened economy.