Another major error in an op-ed on Illinois pensions
By Mark Glennon: Getting on the same page about the facts on Illinois pensions is a necessary first step. Unfortunately, we have a way to go, thanks in part to errors in news and…
Read MoreGovernment Employee Pensions/Pay
It’s not just property taxes Illinoisans should be worried about. It’s their home values, too.
By Ted Dabrowski and John Klingner: Illinois’ political elite have signaled time and again they want to tax Illinoisans’ property more than they already do. Some Chicago Fed economists want a statewide property tax…
Read MoreDefuse the property tax bomb
By Joe Cahill: Politicians can’t afford to ignore growing public resentment of excessive property taxes, a powder keg that needs only a spark to explode into a full-fledged tax revolt with unpredictable consequences. Across…
Read MoreProgressive tax proponents say Illinois is a low-tax state, your tax bills say the opposite
By Ted Dabrowski and John Klingner: Gov. J.B. Pritzker wants you to think Illinois doesn’t tax or spend enough.
Read MoreChicago’s Lightfoot demands a state taxpayer bailout, then offers CTU a 5-year contract, 14% raise?
By Ted Dabrowski and John Klingner: You have to wonder whether Chicago Mayor Lori Lightfoot really thought she could get away with it. Just three weeks ago, she was demanding a state taxpayer bailout…
Read MoreHomeownership’s Hidden Debt
By Nicole Gelinas: First-time buyers aren’t just acquiring property. They’re taking on a jurisdiction’s financial liabilities.
Read MoreUnfunded Pensions as a Permanent Hindrance to Competitiveness
By Mark Glennon: Illinois and the other worst-off states are becoming less and less able to maintain competitive levels of service and taxation compared to more responsible states.
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Why Illinois pols haven’t fixed our fiscal crisis
Mark Glennon explains why Illinois politicians haven’t fixed out fiscal crisis: They haven’t had to figure it out because you voters haven’t figured it out. Wake up. Tell Pritzker and Lightfoot that pretty much…
Read MoreTruth in Accounting awards Chicago ‘F’ grade
By Chriss Street: The nonpartisan Truth in Accounting think-tank awarded the city of Chicago a transparency “F” grade for failing to disclose that each resident now owes $38,100.
Read MoreWith Pension Advice Like This, Chicago and Illinois Are Doomed
By Mark Glennon: A pension actuary writing in Forbes this week said exactly what we, too, have long said: I can only repeat again and again: There is no solution to the woefully underfunded…
Read MoreNew Chicago Mayor Wants State Taxpayer Bailout Of Chicago Pension Debts
By Tyler Durden: It didn’t take long for new Chicago Mayor Lori Lightfoot to propose a plan that would wash her hands of Chicago’s pension crisis altogether. According to a recent report in Crain’s,…
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‘Wealthy’ Chicago households on the hook for up to $2 million in debt each under progressive approach to pension crisis
Ted Dabrowski and John Klingner have some bad news of Chicagoans and what they’re on the hook for: Chicagoans are buried under so much pension debt it’s impossible to see how their city can…
Read MoreRank Dishonesty on Pensions From AFSCME’s Executive Director
By Mark Glennon: Our pension hole is already impossibly deep, but it deepens every day thanks, in part, to shameless dishonesty spread by public unions.
Read More‘Households in Chicago owe $150,000 in retirement debt. That’s an impossible number to pay off’
From Wirepoints: Ted Dabrowski told WJPF all about how much retirement debt Illinois households are really on the hook for: downstate households owe $75,000 and Chicago households owe nearly $150,000. Those are impossible numbers…
Read MoreYou’re On The Hook For Trillions In Pension Overpromises, And Divestment Is Making It Worse
By Helen Raleigh: U.S. public pension liability is equivalent to $18,300 for every resident. Public pensions can’t afford not to invest in companies that generate impressive growth and profits.
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