Gov. Bruce Rauner announced plans to restrict tax breaks for companies for retaining existing employees – putting an end to excessive tax credits that have cost taxpayers hundreds of millions of dollars.
Chicago’s contributions to its government-worker pension funds will jump to $1 billion in 2016 from $500 million in 2015, according to a new report by Moody’s Investors Service.
A new report by Moody’s Investors Service details Chicago’s weak economic growth and increasing government-worker pension obligations.
Good-faith negotiation and trust were foundational to all of the deals made, but some Statehouse Democrats pushed for extreme solutions while others were actively compromising.
Gov. Rauner and the Illinois House of Representatives support a bill to release lottery winnings, but Democratic leaders in the House and Senate are standing in the way. Now Illinois Lottery winners may not be paid until 2016.
Restoration of child-care cuts fails in Illinois House.
The Chicago Teachers Union cannot legally strike before completing several procedural steps, which would take four months following failed mediation with Chicago Public Schools; however, the union could flout the law and strike sooner in the hope of pressuring Chicago Public Schools to reach a deal quickly.
Changes to Illinois unemployment insurance law will strengthen deterrents against fraud, abuse and negligence; eliminate a $470 million tax increase and $300 million benefit reduction.
The Goodwins’ cry for help was met with overwhelming kindness.
Recent federal jobs data show that white-collar professionals are more numerous and earn more money in Illinois than in Indiana, but that Indiana, a Right-to-Work state, has more and better-paying jobs for blue-collar workers than does Illinois, which has forced unionization.