Top News

Illinois income tax hike to 5% opens door for a progressive tax hike

Ted Dabrowski and John Klingner, Illinois Policy Institute May 30, 2017, 8:55am

An income tax hike to 5 percent makes a call for a progressive tax system during the 2018 gubernatorial race a much easier sell.

Illinois Senate Democrats pass $5.4B tax increase

Ted Dabrowski and John Klingner, Illinois Policy Institute May 24, 2017, 9:31am

Each Illinois household would pay an additional $1,125 in taxes each year, on average, under the Senate's tax-hike plan.

Puerto Rico's 'bankruptcy' a warning to Illinois

Ted Dabrowski and John Klingner, Illinois Policy Institute May 8, 2017, 11:14am

Illinois needs to enact structural spending reforms to avoid following Puerto Rico down the path to insolvency.

Moody's warning of an 'inflection' point in Illinois signals need for reform

Ted Dabrowski and John Klingner, Illinois Policy Institute Apr. 4, 2017, 7:05am

Illinois lawmakers should heed Moody’s Investors Service’s warnings about the state’s precarious economic health and dire fiscal situation and enact major structural spending reforms to balance the budget.

Illinois spends the most per student of any state in the Midwest

Ted Dabrowski and John Klingner, Illinois Policy Institute Mar. 1, 2017, 8:29am

Illinois spends the most per student of any state in the Midwest. On average, Illinois schools spend $13,077 per student. Nearly half of the money Illinois spends on education goes to fund pensions.

Rauner's budget proposal needs more spending reforms

Ted Dabrowski and John Klingner, Illinois Policy Institute Feb. 20, 2017, 12:50pm

The governor should reject tax hikes and push for the structural spending reforms Illinois needs to fix its fiscal crisis and improve its economy.

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.