Posts tagged "education"

Just The Facts: A Primer on Illinois Pensions

Over the last few years we have all been engaged in an effort to find a sensible, workable solution to Illinois’ pension crisis. Simply put, the current pension system is unsustainable and poses the threat of overwhelming the state’s budget if left unaddressed. More immediately, the state’s broader budget issues cannot be resolved until the... Read more »

Higher Education Hurt By Illinois Fiscal Crisis

Without Budget Reform Colleges and Universities Will Continue To Suffer By Stanley Ikenberry The people of Illinois and our state government are in the midst of an unprecedented crisis. Illinois is unable to pay its bills. We are heavily in debt and face the prospect of borrowing even more. And yet the state budget approved on... Read more »

Illinois Budget News: June 2

Star Chicago economist Diane Swonk delivered a no-nonsense analysis on the nation’s “slow and painful” emergence from the Great Recession to the Executives’ Club of Chicago yesterday.Per today’s Sun-Times, Swonk predicted the possibility of “later retirements, higher taxes and more sacrifices…” Among her local concerns: Illinois‘ ability to compete with other states and retain residents.Bottom... Read more »
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Illinois Budget News: May 17

Another Monday and another great collection of editorials and news clips from the weekend and today. To start, we would like to quote the enitre editorial from the Chicago Tribune this morning, “Springfield’s lost boys“, but we’ll start with the opening paragraph. The full piece is a must read and calls on lawmakers to cut... Read more »

Illinois deep in debt, doesn't pay bills

For months, we’ve been trying to get the word out about Illinois $130 billion fiscal crisis. Throughout our campaign, it has been important to let people know the impact this drastic deficit would have on their lives and their communities. Yesterday, the Associated Press wrote how the crisis is pushing businesses and organizations to the... Read more »

Chicago's charter schools start to feel the squeeze

By Elizabeth Purvis The Illinois fiscal crisis is crowding out important services including public education. With Governor Quinn’s proposed cuts of $1.3 billion to education, school districts across the state are having to make cuts due to lack of funding. Chicago Public Schools (CPS) has a $600 million deficit, with proposed 11%-12% funding cuts to... Read more »
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