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Recent Articles  - 74 articles found

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  • Friday, December 6, 2019
    Former Illinois investment chairman foresees 'grand bargain' bailout for public pensions
    Pensions (70)
    Public pension debt has become such a crisis nationwide that the former chairman of the Illinois State Board of Investment expects the federal government will be forced to intervene. 

    In a conversation with Barron’s, Marc Levine said public pensions were “inherently unstable” and that states and local units of government were devoting a considerable amount of their annua...   read more >

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  • Friday, December 6, 2019
    Illinois ranks third in the nation for industry regulations
    Business (10) , Economy (34)
    A new report highlights significant differences in the number of industry regulations at the state level, including in Illinois, which was ranked as one of the most regulated states in the nation.

    The recent report from the Mercatus Center at George Mason University was part of the group's State RegData project. It looked at the number of industry regulations on the books across most of the co...   read more >

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  • Friday, December 6, 2019
    Moody’s Analytics: More states ready for recession, Illinois one of 10 not ready
    Bonds, Bonding, Borrowing, Debt, Credit Rating , Budget--State (8) , Governor (44)
    Illinois is one of only 10 states unprepared for the next economic downturn. 

    With a number of economists predicting the next recession could be around the corner, analysts said most states were better prepared for a recession than in previous years. 

    Moody’s Analytics, which operates independently of the credit-rating agency of the same name, found in “Stress-Tes...   read more >

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  • Friday, December 6, 2019
    Op-Ed: Progressive tax will lead to capital flight, fewer jobs, stagnant wages
    Taxes, Graduated/Progressive
    The most immediate effect of Gov. J.B Pritzker's "Fair Tax" would be capital flight from Illinois.

    Illinois is a high-income, high-wealth state, particularly in the Chicago area. Chicago is not only a transportation hub, it's also a financial center, meaning that there's a high concentration of investment capital in the Chicago area. Gov. Pritzker's tax increase would hit Illinois' investment ...   read more >

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  • Friday, December 6, 2019
    State taxpayer liability for pensions increases $3.5 billion despite paying more into funds
    Governor (44) , Pensions (70) Sosnowski, Joe--State House, 69 , Steans, Heather--State Senate, 7
    Despite putting more tax dollars into the state’s five pensions funds, Illinois' unfunded liability continues to increase.

    The Commission on Government Forecasting and Accountability reported the unfunded liability for the state's five public sector pensions stood at $137.3 billion. State Rep. Joe Sosnowski, a Rockford Republican on the commission, said that’s up more than $3.5 bil...   read more >

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  • Friday, December 6, 2019
    Mahony sees great ‘opportunity for impact’ in SIU presidency
    Education--Higher (37)