The Illinois Teachers’ Retirement System’s actuarial changes will drive up taxpayer contributions by $421 million in 2017. These latest changes prove Illinois’ pension math doesn’t work.
An administrative law judge could issue a decision as early as Sept. 1 on whether Illinois state workers and the governor are at an impasse in contract negotiations. Here’s a rundown of the proceedings between Illinois’ largest government-worker union and the state, as well as their potential impact on residents and state employees.
“It’s so frustrating. We’re out here making money for the city but they make it really difficult. We’re a small business, man. Food truck people are people too. We’re not monsters. “When you’re dealing with thousands of restaurants and only a handful of food trucks, it’s tough. And the mindset of all of these rules...
“I’ve had this truck for four years. But we get tickets every week. And that’s not a good feeling but we need to fight the fight. We have a lot of unemployed people in Chicago who need to make something of themselves in this business. “We fight because I get repeat customers every day and...
Chicago Public Schools officials had an opportunity to enact serious reforms addressing the district’s dire financial condition, but they instead opted to further burden Chicago taxpayers without offering any change.
A new law signed by Gov. Bruce Rauner on Aug. 5 gives McHenry and Lake counties the authority to consolidate and dissolve units of local government within their boundaries, a power granted to DuPage County in 2013.
More realistic investment return assumptions by the Teachers’ Retirement System mean Illinois taxpayer contributions to the fund could rise by hundreds of millions of dollars. Ending teacher pension pickups would alleviate the burden on Illinois taxpayers.
The Illinois Teachers’ Retirement System’s adoption of more realistic investment return assumptions would cause the system’s unfunded liabilities to grow by about $6 billion above their current $62 billion level.
More than 1 in 5 Illinois households rely on food stamps to make ends meet.
The Illinois Supreme Court affirmed an earlier decision keeping the legislative mapmaking process in political hands.
Gov. Bruce Rauner’s pen writes a storybook ending for a single mom from Decatur.
Illinois House Bill 6601 would restrict Pokémon Go players from entering certain areas.
New data released by the Illinois Department of Insurance reveal premiums for health insurance plans on Illinois’ ObamaCare exchange could soar by an average of 44 to 55 percent in 2017.