Illinois’ rainy-day fund can operate state for about 15 minutes
Illinois’ rainy-day fund can operate state for about 15 minutes
With economic challenges driven by the coronavirus ahead, Illinois finds itself missing an important financial tool.
With economic challenges driven by the coronavirus ahead, Illinois finds itself missing an important financial tool.
The order comes as the number of confirmed coronavirus cases in Illinois continues to rise.
Water rationing and forced business closures were among a litany of emergency powers the city council granted Champaign’s mayor and city manager in response to the global health crisis.
Red-light cameras have been the subject of multiple corruption investigations and have cost Illinois drivers over $1 billion.
Three points stick out in recently released numbers: First, J.B. Pritzker is not a popular governor. Second, pollsters need to get real about the “fair tax” fantasy. And third, pension reform draws a diverse base of support, except at the Statehouse
“[There’s] concern about not having a pension in the future because it’s so unsustainable. I would like to have my pension. I don’t think there was a lot of actuarial science involved when these pensions were put in place."
Illinois Democrats, union members, government or nonprofit workers, and people of all income groups support a pension amendment that allows for changes in cost-of-living raises and other future benefits.
As Illinois elected leaders continue to delay action on pension reform, a broad and bipartisan coalition has succeeded in pushing for reforms to public employee benefits in New Mexico.
States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.
A Cook County commissioner quits as a former city administrator faces a bribery charge. Both played roles in the rise of red-light cameras and vendor SafeSpeed.