Saturday, December 22, 2012
The bad news: Job growth in Illinois is too slow, and prison inmates probably watch better TV than you. The good news: Your lawmaker is one of the highest paid in the nation.
Feeling all warm and full of good cheer? Bah! Here's a little something to satisfy the Scrooge in you before the spirit of Christmas takes hold. We Need More Jobs: At 8.7 percent, the Illinois unemployment rate is 1 percent above the national rate. And job creation is improving at a faster clip all around us, in Wisconsin, Indiana, Kentucky, Iowa and Missouri, on average, according to Ted Dabrowski and John Klingner at the Illinois Policy Institute. "The reality is Illinois’ poor policies aren't allowing the state to participate fully in the national recovery. If only Illinois’ unemployment rate were equal to the average of its neighbors, 100,000 more Illinoisans would be working. Yes, jobs are slowly returning to the state, but that’s …
Saturday, December 15, 2012
The representatives and senators leaving office in January 2013 will see millions of dollars in pension payments, figures far more sizable than they would've seen in the private sector.
Are you worried about your own retirement? With the downturn in the economy, did your 401k and savings take a big hit? If so, you're like millions of other Americans forced to confront a dramatically different outlook for their post-work years. But one group of pensioners is largely insulated from such concerns — outgoing Illinois lawmakers. The retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs, reports Scott Reeder of the Reeder Report, using data from an Illinois Policy Institute analysis in a piece published on Watchdog.org. The anticipated pension benefits of the 34 lawmakers who will depart the state legislature in January show these …
Friday, December 30, 2011
More than 200 new state laws go into effect on Jan. 1. We spotlight the substantial ones and point you to some of the more unusual pieces of legislation.
- Joe Vince
Friday, December 30, 2011
We received an early Christmas present from State Sen. Christine Radogno (R-Lemont) and the General Assembly. Radogno's office sent a press release Dec. 19 detailing the new laws that will go into effect Jan. 1, 2012. While most people were busy spending time with their relatives over the holidays, we were going through the 214 laws, figuring out what lifestyle changes we were going to need to make. We've highlighted the most signficant—and in some cases, most interesting—of these new laws, so you don't have to spend the beginning of the new year wondering why you're chilling your heels in the local pokey. Seat Belts for the Back Seat: Adults riding in the back seat of a vehicle must wear a seat belt. Offenders could face a $25 fine. "…