Overview A bond rating grades the credit worthiness of the state or municipality. The stronger the bond rating, the greater ability for the state or municipality to borrow at lower interest ratings and better deal to finance projects, fund services or service debt. This piece looks at the state’s bond ratings in prior years. TheContinue reading “The State’s Bond Ratings Over the Years”
Category Archives: Public Management
Illinois’ First Minimum Wage Law
Overview The U.S. Federal minimum wage was first implemented in 1938 under the Roosevelt administration with the Fair Labor Standards Act (FLA). However, FLA did not mandate a universal minimum wage for all industries and were subject to exceptions. By the early 1970s, many state legislatures convened to address these issues by passing legislation toContinue reading “Illinois’ First Minimum Wage Law”
Illinois-Centric Books for the Holiday Season
Here at Prairie State Policy we like to read. In fact, some of our published work came from ideas or citations from Illinois-centric books. With many staying indoors this holiday season due to COVID-19, we decided to compile a list of Illinois-centric books for the savvy reader and Illinois politico. We hope this list containsContinue reading “Illinois-Centric Books for the Holiday Season”
Pat Quinn’s Cut Back Amendment
The Initiative that Created the Modern Organizational Structure of the General Assembly Topic: Politics & Public Management Overview Prior to 1980, the structure of the General Assembly looked very different. Instead of having one House representative per House district, each district contained three state representatives, plus a Senator. This resulted in bigger legislative districts andContinue reading “Pat Quinn’s Cut Back Amendment”
What is Home Rule?
Background The concept of home rule was first adopted in Article VII, Section 6 of the Illinois Constitution of 1970 to give units of local government greater power to pursue, implement, and administer its own policy initiatives, rather than the intervention of the state’s interests and power. Specifically, it allows municipalities of populations greater than 25,000 toContinue reading “What is Home Rule?”
An Overview of the Illinois Tollway
By: Ryley Bruun A Brief History In 1953, the Illinois State Toll Highway Commission was formed. The original intent of the tollway was for interstate travel across the county, rather than domestic commuters. With the Toll Highway Act, the Illinois State Toll Highway Authority (ISTHA) was given power to generate revenue via tolls to payContinue reading “An Overview of the Illinois Tollway”
Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2010s)
The following is a continuation of Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2000s) Illinois Public Act 96-0889 (2010) This legislation created a new tier of benefits for public employees hired after January 1, 2011 in lieu of the rising liabilities and was signed April 4, 2010 by Governor Quinn. Tier 1 membershipContinue reading “Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2010s)”
Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2000s)
The following is a continuation of Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 1990s) Overview The State of Illinois’ growing underfunded liabilities was the folly of many and not subjected to a single action. It was the compounded effect of many various decisions made by different individuals over decades. Part IV in ourContinue reading “Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2000s)”
Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 1990s)
The following is a continuation of Dissecting Illinois’ Pension Problem Part III: Understanding Tiers Overview The State of Illinois’ growing underfunded liabilities was the folly of many and not subjected to a single action. It was the compounded effect of many various decisions made by different individuals over decades. Part IV in our Illinois Pension seriesContinue reading “Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 1990s)”
Dissecting Illinois’ Pension Problem Part III: Understanding Tiers
The following is a continuation of Dissecting Illinois’ Public Pension Problem Part II: Modeling Pensions. Overview Public employees are separated into two tiers, depending on when they began employment, and each tier contains a different vesting structure for their pension. The two tiers are simply referred to as Tier I and Tier II. Tier I EmployeesContinue reading “Dissecting Illinois’ Pension Problem Part III: Understanding Tiers”
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