Top News

Brexit and Chicago's potential bankruptcy

Ted Dabrowski and John Klingner, Illinois Policy Institute Jun. 27, 2016, 1:03pm

Pension funds aren’t immune to the volatility of the stock market. Even before Brexit, Moody’s warned that low investment returns are already putting Chicago’s pension funds at risk. A major stock market correction or another recession just might put Chicago and CPS over the edge if their already-underfunded pension systems collapse.

Former Gov. Edgar's 'compromise' pension plan led to Illinois fiscal crisis

Ted Dabrowski and John Klingner, Illinois Policy Institute Jun. 13, 2016, 1:09pm

Under former Gov. Jim Edgar’s pension ramp, unfunded pension liabilities have increased nearly $100 billion despite taxpayers contributing $16.4 billion more to the five state-run pension systems than required under the Edgar plan.

Illinois school district consolidation provides path to efficiency, lower tax burden

Ted Dabrowski and John Klingner, Illinois Policy Institute Apr. 26, 2016, 12:42pm

Illinois has the most units of local government of any state in the country.

Madigan's middle class: Pain for the many, perks for the few

Ted Dabrowski and John Klingner, Illinois Policy Institute Mar. 28, 2016, 7:20am

Middle-class Illinoisans who aren’t employed by the government are suffering, but Illinois House Speaker Mike Madigan stands in the way of solutions.

11 things you need to know about Chicago teacher pensions

Ted Dabrowski and John Klingner, Illinois Policy Institute Mar. 8, 2016, 12:45pm

Pension holidays, steep increases in teachers' salaries, and lopsided ratios of teacher contributions to pension payouts have caused the Chicago Teachers’ Pension Fund’s unfunded liabilities to shoot up to $9 billion in 2015.

Pensions vs. schools

Ted Dabrowski and John Klingner, Illinois Policy Institute Feb. 1, 2016, 9:03am

THE PROBLEM: Education funding for downstate and suburban pre-K-12 schools – i.e., all Illinois school districts outside of Chicago – is one of the state’s highest priorities.