Tag Archives: Bruce Rauner

There Are No Clean Hands in the Pension Debate

Posted on June 11, 2015 by Steve Reick

In its May 8th decision, the Supreme Court couldn’t have been plainer as to the priority of pension obligations in the state budget, and placed the greatest portion of the blame for the condition of the pension funds squarely where … Continue reading →

Posted in Public Pensions | Tagged , , , | 2 Comments

A Tax Freeze With No Relief

Posted on June 9, 2015 by Steve Reick

The Illinois House will hold hearings today on a Democrat-sponsored bill to freeze real estate taxes. The bill, (HB 690) is sponsored by Jack Franks (D, Marengo). Without getting too much into the weeds of the bill, the thing to … Continue reading →

Posted in Property Taxes | Tagged , , , | 2 Comments

What Happens If Our Pension Plans Go Broke?

Posted on June 7, 2015 by Steve Reick

We’re now seeing the real face of Illinois’ pension crisis by the cuts being proposed by Governor Rauner in his 2016 budget. In Fiscal 2016, Illinois will owe $6.8 billion to its 5 pension plans, which will account for roughly … Continue reading →

Posted in Public Pensions | Tagged , , , | 6 Comments

Rauner’s Trying to Avoid Reagan’s Mistake

Posted on May 28, 2015 by Steve Reick

In 1982, Ronald Reagan signed the Tax Equity and Fiscal Responsibility Act (TEFRA). TEFRA was a bill that increased taxes, and was part of a grand bargain that the President entered into with the Democrat-controlled Congress to increase taxes by … Continue reading →

Posted in Illinois Budget | Tagged , , , , , | Leave a comment