Illinois Policy Podcast

Is Chicago in an economic death spiral or an undervalued investment opportunity? In this episode, we sit down with investor and former corporate lawyer Stu Loren to analyze the hard data on Chicago's economic trajectory. The findings are eye-opening: the average Chicago worker is effectively 10% poorer today than they were five years ago, and the city is growing at a fraction of the rate of Sun Belt competitors like Austin and Nashville. But the conversation takes an unexpected turn. Despite the challenges, Stu makes a compelling contrarian case that Chicago's economic struggles may have created a rare buying opportunity. With emerging strengths in nuclear power, artificial intelligence infrastructure, and logistics, Chicago has the fundamentals to stage a major comeback—if city leadership can implement the right reforms. We dig deep into the numbers behind Chicago's pension crisis, examine what the data really says about public safety, break down the high-stakes Chicago Bears stadium standoff, and expose the massive inefficiencies plaguing Chicago Public Schools. Whether you're a Chicago resident, business owner, investor, or just someone interested in urban economics and public policy, this episode delivers the data-driven analysis you won't find anywhere else. Is Chicago a buy, sell, or hold? Listen now to find out.

Chicago is facing record outmigration, failing schools, and rising taxes. In this debut episode, Paul Vallas—former Chicago Public Schools CEO and 2023 mayoral candidate—joins us to break down why families are leaving Chicago, how the Chicago Teachers Union controls city policymaking, the real state of crime and safety, and how things could have been different. Listen now and subscribe to the Illinois Policy Podcast for honest conversations about Illinois’ future. 00:00 – Chicago’s Crisis: Crime, Taxes, Schools 00:41 – Welcome to the Illinois Policy Podcast 01:07 – Introducing Guest: Paul Vallas 01:25 – What Could Have Been Different? 02:03 – Chicago’s Public Safety Problem 03:17 – Housing & Development Failures 04:03 – Springfield: Missed Opportunities 06:00 – Teachers Union’s Grip on Chicago 07:19 – CPS Staffing & Spending Issues 09:22 – Why Families Are Leaving Chicago 12:03 – How Schools Were Reformed in the Past 14:01 – Local Control and Magnet Schools 15:52 – Lowering Education Standards 18:22 – Attacks on Testing & Accountability 20:03 – Charter and School Choice Options 22:16 – Failing “Sustainable Community Schools” 24:19 – How Unions Block Real Options for Families 25:13 – Public Safety: The Reality vs. Rhetoric 27:18 – Schools, COVID, and the Crime Spike 28:39 – How Prosecutors Changed Crime Trends 29:39 – Domestic Violence on the Rise 30:39 – Why Crime is Underreported 33:30 – Chicago as a “Sanctuary City for Criminals” 35:09 – Police Staffing and Crime Correlation 37:14 – CTA Safety and Ridership Decline 39:11 – Chicago’s Future Forecast 41:07 – The Three Financial Crises Facing the City 42:51 – Who Will Lead Chicago Next? 44:23 – Cook County Politics & Preckwinkle’s Influence 45:46 – Closing Thoughts with Paul Vallas

The Chicago Teachers Union and other teachers' unions oppose Invest in Kids, a tax-credit scholarship program that allows underprivileged children to attend private schools of their choice. Why would teachers advocate against a program that helps low-income students? Mailee Smith, staff attorney and director of labor policy at Illinois Policy Institute, refutes opponents' false claims about the program and explains why the Illinois General Assembly should reinstitute Invest in Kids during its next session.

The COVID-19 pandemic introduced many Illinois parents to the concept and practice of school choice. What is school choice and why has it become such a politicized issue? Nathan Hoffman, director of state policy and legislative strategy for the American Federation for Children, joins us to discuss the benefits of school choice and why Illinois should extend Invest in Kids, a state tax-credit and school-choice scholarship program.

The consolidated election will give voters a chance to elect their local school board members, who influence spending on property tax bills and make other important decisions regarding education. While the election isn’t until April 4, 2023, petitions to run for school board are due Dec. 19. Director of Labor Policy Mailee Smith explains why local elections are so important. She breaks down what to know if you want to get active in local school board races.

With only a few days left until Election Day, Illinois' government unions continue to tout Amendment 1, a proposed constitutional amendment at the top of the Nov. 8 ballot. Amendment 1's chief sponsor admitted the amendment cannot protect all Illinois workers -- so why are proponents still saying it can? Mailee Smith, director of labor policy at Illinois Policy Institute, explains why Amendment 1 is a "legal trick" that would hurt more workers than it would help if it passes.

Three years after the Chicago Teachers Union went on its last strike, the CTU maintains that its job is to represent teachers. But is that really what CTU does? Director of Labor Policy Mailee Smith reviews how CTU leadership's top priorities do not include representing its adult members nor serving the children in their care.

Illinois gubernatorial candidates Gov. J.B. Pritzker and Darren Bailey will face off in their first debate on Thursday, Oct. 6. And the no. 1 issue voters care about right now? The economy. Illinois' economy isn't as rosy as Gov. Pritzker sells it to be. Bryce Hill explains how Illinois' economy is performing and what it means for voters.

Nationwide, there is a broad, far-reaching narrative that there are not enough teachers and that the teacher shortage is a huge problem to be solved. What is the truth about Illinois? While some districts are struggling, the data from Illinois State Board of Elections show over the last decade, Illinois has 45,000 more teachers but 180,000 fewer students in public schools. Director of Labor Policy Mailee Smith joins the Policy Shop to break down what may be happening.

At the very top of the ballot Nov. 8 is a proposed amendment to be added to the Illinois Constitution. Touted by proponents as a way of helping workers, the truth is the amendment would hike taxes on all Illinoisans and cement Illinois' reputation as an un-friendly place to do business. Mailee Smith breaks down everything voters need to know on this episode of the Policy Shop.

Chicago Public Schools students and families returned for the 2022-23 school year. But with record low enrollment, one-third of those schools will be half-empty. Mailee Smith joins the Policy Shop to share why militant tactics from the Chicago Teachers Union have led to higher CPS costs, lower enrollment and lower test scores.

After a few years of homes flying off the market, signs are indicating the market is starting to cool. Is a housing bubble going to burst? Bryce Hill joins the Policy Shop to discuss what’s going on in Illinois' housing world, how prices fare today and what to expect next.