In Friday’s release on state employment and unemployment, there are both positives and negatives for Illinois. On the positive side, Illinois had the 4th-largest decline in the unemployment rate over the past year and now has a lower unemployment rate than states like Georgia, Texas, and California. On the negative side, Illinois had the 9th-worst job growth over the year.
Illinois needs to revamp its system of funding public education. Continue reading “7 Alternative Ways to Fund K-12 Education in Illinois”
It is no secret Illinois faces significant financial challenges. A new Policy Brief [PDF] by the Illinois Economic Policy Institute discusses the costs of unfunded pension liabilities and infrastructure deficits in Illinois. Full Report: Illinois’ Two-Headed Beast: Unfunded Pension Liabilities and … Continue reading Illinois’ Two-Headed Beast: Pensions and Infrastructure
The retailer’s discount is a generous corporate welfare program that Illinois can no longer afford. A new report [PDF] finds that Illinois currently dishes out $142 million per year in subsidies to retailers through it 1.75 percent retailer’s discount rate.
Illinois lawmakers finally negotiated a stopgap deal to fund the state over the next six months. While this was a great first step, the Illinois public should not soon forget the costs of the budget impasse. Here is a super-quick rundown of the costs that the Illinois Economic Policy Institute compiled over the weekend. Continue reading “Remember, Remember the Budget Impasse this November”
With the end of FY2016 tomorrow, Illinois has gone over a year without a budget. With no adequate plan for spending, the lack of funding has severely impacted the capacity of many vital social, health, and educational organizations to provide … Continue reading The Stopgap Bill Helps But Does Not Solve Budget Issues
Illinois now has the highest unemployment rate in the nation, tied with only Alaska. In the month prior to Governor Rauner assuming office – when Illinois had an operating budget – the state’s unemployment rate was 6.0%, compared to a national rate of … Continue reading Illinois Has the Highest Unemployment in the Nation
Illinois’ budget crisis can be resolved by raising taxes on the rich and cutting taxes for low-income and middle-class families, according to a new Policy Brief by the Illinois Economic Policy Institute (ILEPI). The memorandum corroborates recommendations by the non-partisan Civic Federation, the … Continue reading A Graduated Income Tax Could Save Illinois
Both Texas and Illinois have crumbling roads and bridges that require revenues to repair their current transit systems. Which state does it better? It is sometimes claimed that Texas has better infrastructure than Illinois, but a new ILEPI Economic Commentary finds that … Continue reading Transportation Infrastructure in Illinois vs. Texas
Frank Manzo IV is the Policy Director of the Illinois Economic Policy Institute (ILEPI). Visit ILEPI at www.illinoisepi.org or follow ILEPI on Twitter @illinoisEPI. This post is part of the “Frankonomics” series. All states collect tax revenues in some form. Typically, the primary … Continue reading A Laffer Curve for State Income Taxes
We’re sick of the dysfunction in Illinois.
We outnumber all other generations, but still it often seems that elected officials in Springfield have little concern for our general well-being.
Millennials tend to think that the government should be more involved in making college affordable, helping the poor, and creating jobs. We care about equality – both economic and social. And a smaller share of us sees a real difference between the Republicans and the Democrats.
So let’s just take a quick look at how Illinois is faring on those policy issues – college affordability, helping the poor, job creation, and equality. Continue reading “Grow Up.”