Ralph Martire

Illinois Issues: The Next Pension Time Bomb

Jul 2, 2015

Illinois has more than $100 billion in pension debt. So far, attempts to fix it have been mostly illegal.

WUIS Education Desk logo
Dan LoGrasso / WUIS

The way schools are funded in Illinois has been getting a lot of attention lately.  The WUIS Education Desk presents a discussion entitled "Transforming Our Schools:  A Panel On Education Funding" held recently in Decatur.   The panel includes State Senator Andy Manar, Warrensburg-Latham Superintendent Kristen Kendrick, Decatur Public Schools Director of Business Affairs Todd Covault, Center for Tax & Budget Accountability Director Ralph Martire and moderators Brian Byers of WSOY & Bill Wheelhouse, WUIS. The event was coordinated with the Education Coalition of Macon County.

flickr/danxoneil

  Opponents of Governor Pat Quinn's proposed income tax increase say it will chase jobs out of Illinois. A new report that challenges that assumption.

What to do about Illinois' expiring income tax hike has been the star of the debate this spring. The governor threatens cuts unless its extended, while Republican leaders say keeping the higher tax rate is a bigger threat to the economy.

Ralph Martire, director of the Chicago-based Center for Tax and Budget Accountability, says that's a misunderstanding. He says property taxes are the true obstruction of economic growth.