Reports

HJRCA 49: A Constitutional Amendment Regarding the Rules Governing Pension Benefit Increases

Release: August 27, 2012

This Issue Brief provides an overview of the state pension systems' underfunding and an analysis of House-Joint Resolution Constitutional Amendment (HJRCA) 49. HJRCA 49 would create a new section to the Illinois Constitution. 

State Pensions, Second Benefit Tier, COLA, State Constitution, 97th General Assembly

Illinois FY2013 General Fund Enacted Budget Analysis

Release: August 2, 2012

This Report provides an analysis of the enacted FY2013 General Fund budget.

FY2013, 97th General Assembly, General Fund, Taxpayer Accountability and Budget Stabilization Act, Deficit, Income Tax, State Pensions

Issue Brief: Analysis of the Governor’s Office of Management and Budget’s Pension Stabilization Summary

Release: August 1, 2012

This Issue Brief provides a synopsis of the core changes the Quinn Administration proposed for the state pension systems and an analysis of the cost saving estimates produced by the Governor's Office of Management and Budget. 

State Pensions, Second Benefit Tier, State Budget, COLA

The Case for Fundamental Tax Reform in Illinois: Why We Need a Graduated State Income Tax

Release: May 23, 2012

Presentation on why Illinois needs tax reform, and the case for a graduated income tax.

State Budget, Taxes, Deficit, Graduated Income Tax, Illinois Economy, Tax Expenditures, State Pensions, General Fund, Medicaid

Politics Over Policy: Swift 'Reform', Questionable Savings, Delayed Consequences

Release: January 25, 2011

Information on Public Act 96-1495, which created a second, reduced pension benefit tier for Illinois' public retirement systems

96th General Assembly, Second Benefit Tier, Local Pensions, Chicago Teachers Pension Fund, Pension Holiday, State Pensions

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