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Fitch warns against CTBA’s reckless pension plan

12/11/2018
Fitch Ratings has issued a warning about a pension plan pushed by one Illinois think tank, which includes no reform and would harm the state’s credit rating. The response from the Center for Tax and Budget Accountability proves how indefensible the plan really is.

TAGS: CTBA: Center for Budget and Tax Accountability, Fitch Ratings, municipal pensions, pension guarantee, pensions, property taxes, taxes

Fitch keeps Illinois’ credit above junk but negative outlook remains

By John Klingner, Evelyn Hussey
07/20/2017
Of the three major ratings agencies, only Moody’s Investors Service has indicated that Illinois lawmakers’ lack of long-term solutions for reducing that debt is a severe problem.

TAGS: bonds, budget, credit rating, debt, Fitch Ratings, Moody's Investor Service, Standard & Poor's

Unbalanced Budget Response Act would allow Rauner to make cuts to balance the budget

By Amy Korte
03/28/2017
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.

TAGS: balanced budget requirement, Bruce Rauner, budget, DCEO: Department of Commerce and Economic Opportunity, debt, Fitch Ratings, ILGA: Illinois General Assembly, Illinois Constitution, Jim Durkin, Mike Madigan, spending, unpaid bills

Fitch downgrades Illinois’ credit rating

By Brendan Bakala
02/02/2017
The New York-based credit agency cited the lack of action on a budget as the primary reason for the downgrade.

TAGS: budget, credit rating, debt, Fitch Ratings

Fitch cuts Illinois credit rating, cites budget gridlock, massive debt and sluggish growth

By Austin Berg
10/19/2015
The Illinois General Assembly is refusing to fix Illinois’ structural problems. Downgrades are the consequence.

TAGS: budget, credit rating, Fitch Ratings

CTU president Karen Lewis calls employee-pension contribution issue “strike-worthy”

By Ted Dabrowski
08/10/2015
The president of the Chicago Teachers Union defied the school board to require teachers to pay more of their own retirement costs.

TAGS: Chicago, CTPF: Chicago Teachers Pension Fund, Fitch Ratings, Karen Lewis, strike

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Chicago Policy Center / Research Report

A city charter could bring order to Chicago’s dysfunction. How can it get one?


A city charter would put much-needed guardrails on the Chicago government. Here’s what needs to happen to get one.

View Report

Report Archive

Center for Poverty Solutions / Your Story

Melony Armstrong

Labor / Policy Point

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014
Illinois Policy In the News

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016
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