Illinois should look to an existing 401(k)-style retirement plan to begin addressing its pension crisis and give state workers more surety over their futures, Ted Dabrowski, vice president of policy for the Illinois Policy Institute, suggested recently.
"Illinoisans don’t need a compromise deal that will only offer more of the same failures" -- so says Craig Lesner, the budget and tax research director of the Illinois Policy Institute, in describing the recently put forward Republican budget plan.
While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
One day after the General Assembly ended its spring legislative session, lllinois sank to new depths, as two of the three major U.S. credit rating agencies dropped the state to one step above "junk" bond status, the Illinois Policy Institute reported.
Reforming the Illinois Constitution and making sure the right people are in power to put the state on a fiscally responsible path is the way to securing a bright future, according to Jacob Huebert, a senior attorney at the Liberty Justice Center.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from Pew Charitable Trusts published on the Illinois Policy Institute website recently.