All Press Items

CTBA experts are available to provide insight, analysis, and data to the press on a wide range of public policy issues. In addition, CTBA disseminates new research and timely updates on policy developments to the media.

What We Do

  • Policy analysis and advocacy
  • Empirical research
  • Advice and technical assistance
  • Strategic leadership in coalitions
  • Legislative testimony
  • Public education
January 22, 2019The Beachwood Reporter

A guest post from Illinois PIRG quotes Ralph Martire on the importance of a rational economic base for revenue in support of a new PIRG report on corporate tax loopholes.

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January 15, 2019Chicago Magazine

Pritzker stumped on a progressive income tax, and Republicans don’t have the votes to block it. The stars may have finally aligned for a graduated plan in Illinois. An article on the graduated income tax cites CTBA's report, arguing that Illinois' current tax system does not generate enough

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January 14, 2019Daily Northwestern

Gov. J.B. Pritzker took office Monday as Illinois’ 43rd governor, putting a Democrat back in the governor’s mansion after four years under Republican rule.

In a speech directly following his inauguration, held at the Bank of Springfield Center, he emphasized the need for Republicans and

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January 14, 2019CBS 2 Chicago

JB Pritzker was sworn in as governor Monday afternoon, January 14, 2019, at a packed arena in Springfield, but the honeymoon might not last very long, as even Democratic allies acknowledge he faces the tough task of filling a “pretty large hole” in the state budget. 

Ralph Martire,

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January 1, 2019Illinois Business Journal

 The last four years have been dreadful for the people of Illinois. Some 45,000 people left the state between July 2017 and July 2018, the fifth straight year of population loss. In the battle between Gov. Bruce Rauner and Speaker Mike Madigan, we became collateral damage. Now that we have a new

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December 12, 2018WBEZ

A tax policy expert says he fundamentally disagrees with Mayor Rahm Emanuel that Illinois lawmakers must amend the state’s constitution to address the city’s looming pension crisis.

While it may be the only way to eliminate automatic annual 3 percent increases in what pension payouts,

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December 12, 2018WTTW Channel 11

Mayor Rahm Emanuel on Wednesday morning presented City Council with his road map to confront Chicago’s pension obligations. That plan includes amending the Illinois Constitution to allow changes to pension benefits, specifically those calling for an annual 3 percent cost-of-living adjustment, or COLA; introducing the Fund Stabilization Bonds Ordinance, legislation that Emanuel compares to refinancing a mortgage; and using revenue from legalized recreational marijuana and a Chicago-owned casino to pay directly into those pension payments.

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December 10, 2018CapitolFax.com

Fitch has previously noted that issuance of POBs is generally neutral to negative for an issuer’s credit quality. If POB proceeds are deposited with a pension trust, while actuarial contributions continue to flow uninterrupted from annual budgetary resources, the issuance of POBs offsets unfunded liability and has little immediate impact on the issuer’s overall long-term liability burden. 

CTBA agrees that using POBs to “offset an annual pension contribution”—ie, to replace funding that would normally be coming from tax revenue—is irresponsible. That was one of the upshots of our Crain’s editorial in August.

But I think it’s not right to say the POBs in the reamortization plan are “offsetting an annual pension contribution.” Those POBs are *in addition to* the amounts paid with tax revenue as scheduled under current law. In other words, CTBA’s reamortization plan doesn’t create false savings by substituting tax-funded spending with debt-funded spending; it uses all of the POB proceeds to directly increase contributions to the pension systems as a bridge to the level-dollar amortization contributions.

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December 3, 2018IASA Video Library

Ralph Martire, executive director of the Center for Tax and Budget Accountability, discusses Illinois' pension problems and poses possible solutions for lawmakers on how to deal with the biggest issue facing the state. 

WEBINAR:  

July 24, 2018WBEZ

As he heads into an election year, Chicago Mayor Rahm Emanuel is proposing big school spending and he’s painting a rosy picture of the school system’s financial outlook. But here are five things that taxpayers, school staff, and parents should know about the budget before it is set in stone:

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