Illinois’ comeback story starts here.

Contagion 2.0: Did you really think it was over?

Contagion 2.0: Did you really think it was over?

The holidays are over and kids have been back in school for weeks. But students in Grayslake District 46 are back at home now that teachers are on strike.

State employee pension fund sees dismal 2012 returns

State employee pension fund sees dismal 2012 returns

Although the pension fund for state employees predicted it would earn $850 million in fiscal year 2012, it actually earned less than $6 million. The fund posted an investment return of just 0.05 percent, far below the 7.75 percent it expected.

Fitch warnings don’’t mean kick the can down the road

Fitch warnings don’’t mean kick the can down the road

Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within s