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Illinois Pension Crisis

Illinois Pension Fight Will Be Heading To Courts, Unions Vow

AP | SARA BURNETT | Posted 12.04.2013 | Chicago

SPRINGFIELD, Ill. (AP) — The passage of a landmark bill to address Illinois' worst-in-the-nation pension crisis means the yearslong fight over how t...

Illinois Legislators Strike Breakthrough Deal

AP | KERRY LESTER and SARA BURNETT | Posted 11.28.2013 | Politics

CHICAGO (AP) — Under growing public pressure to act, the leaders of Illinois' General Assembly announced Wednesday they'd reached an agreement on ho...

Yes, It's a Crisis

Matthew Dietrich | Posted 12.22.2013 | Chicago
Matthew Dietrich

Senate President John Cullerton has made quite a stir with his statement Sunday that Illinois' pension problem doesn't rise to the level of being a ...

Labor Boosts Legislative Allies in Looming Illinois Pension Fight

David Ormsby | Posted 01.23.2014 | Chicago
David Ormsby

Everybody is working on Illinois pension reform. While the 10 lawmakers on the pension conference committee have been working to erect a sturdy pens...

Time to Double Down on Civic Learning

Shawn Healy | Posted 01.23.2014 | Chicago
Shawn Healy

The very fate of our democracy depends upon the next generation reversing the tides of apathy, demanding more from our public servants, and assuming the reigns of leadership, poised for informed deliberation and collaborative governance.

Rahm Defends $24 Million In CPS School Upgrades Amid Pension Crisis

Posted 09.18.2013 | Chicago

Despite a staggering state and city deficit and ongoing pension crisis, Chicago Mayor Rahm Emanuel is defending his recently-revealed plan to spend $2...

My Top Quotes in Illinois

Madison Bondi | Posted 10.01.2013 | Chicago
Madison Bondi

The pension crisis still has no solution, and as each day passes, the Illinois taxpayers are the ones who pay the piper -- literally. It's cost ‪‎taxpayers‬ $21 billion since 2000, and it's only getting worse.

Madigan, Cullerton Sue Governor Over Vetoing Lawmakers' Pay

Reuters | Posted 09.29.2013 | Chicago

CHICAGO, July 30 (Reuters) - The Democratic heads of the Illinois House of Representatives and Senate on Tuesday filed a lawsuit challenging Governo...

Flat income tax? Progressive tax? No state income tax? A nationwide overview

Reboot Illinois | Posted 09.18.2013 | Chicago
Reboot Illinois

The 1970 Illinois constitution states that Illinois' state income tax must be applied with one rate paid by all taxpayers. Illinois is one of nine ...

Quinn to lawmakers: No pension bill, no pay

Matthew Dietrich | Posted 09.09.2013 | Chicago
Matthew Dietrich

2014: QUINN'S BAD DAY Gov. Pat Quinn had one of the worst days of his governorship Tuesday in Springfield. First the General Assembly resoundingly rej...

State Pol: Lawmakers Will Miss July 9 Deadline For Pension Fix

Reuters | Posted 09.03.2013 | Chicago

CHICAGO, July 3 (Reuters) - An Illinois legislative committee charged with devising a compromise plan to rein in the state's huge unfunded public pe...

Madigan to Goudie: Eat My Gravel!

Matthew Dietrich | Posted 08.12.2013 | Chicago
Matthew Dietrich

ABC 7 Chicago investigative reporter Chuck Goudie caught up with House Speaker Michael Madigan last week, sort of. Madigan didn't share any thoughts o...

Path To Pension Reform Even Trickier Thanks To Statehouse Inaction

AP | JOHN O'CONNOR and SOPHIA TAREEN | Posted 06.01.2013 | Chicago

SPRINGFIELD, Ill. -- Illinois Gov. Pat Quinn had claimed he was "put on earth" to solve the nation's worst pension crisis, but the goal eluded him onc...

Numbers stacking up big for Madigan's pension bill

Reboot Illinois | Posted 07.29.2013 | Chicago
Reboot Illinois

We covered the background of Illinois' budget- and state economy-crushing pension crisis in our last post, but with the Illinois General Assembly scheduled to adjourn at the end of Friday, things are changing quickly.

Illinois' Worst-In-The-Nation Credit Rating Takes Another Hit

AP | JOHN O'CONNOR | Posted 03.13.2013 | Chicago

SPRINGFIELD, Ill. — A major credit rating agency has soured on the economic forecast for Illinois after another failed attempt this week to rect...

Gov. Quinn Seeks To Overcome Pension Reform Setback

AP | SOPHIA TAREEN | Posted 01.10.2013 | Chicago

SPRINGFIELD, Ill. -- After singling out Illinois' worst-in-the-nation pension crisis as the most important issue of his governorship, Pat Quinn could ...

State Lawmakers To Try For Pension Reform Again In New Assembly

AP | JOHN O'CONNOR and SARA BURNETT | Posted 03.11.2013 | Chicago

SPRINGFIELD, Ill. — New day. New lawmakers. Same old pension-reform dispute. Illinois legislators failed to deliver a solution Tuesday to a bal...

Lawmakers Propose Pension Fix, Unions Threaten Suit

Reuters | Posted 03.09.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill, Jan 6 (Reuters) - Illinois lawmakers unveiled a plan Sunday they believe can fix the state's hu...

No Deal In State Pension Crisis Talks

Posted 01.06.2013 | Chicago

Despite a hopeful breakthrough in the Illinois pension crisis, legislative leaders ended talks Saturday without a deal. "There's no resolution to...

Hope For Illinois' 'Worst-In-Nation' Pension Crisis

AP | JOHN O'CONNOR | Posted 01.05.2013 | Chicago

SPRINGFIELD, Ill. -- The prospects for solving Illinois' worst-in-the-nation pension crisis may have grown brighter Friday when powerful House Speaker...

Gov. Quinn Confident Latest Pension Reform Bill Will Pass

Reuters | Posted 03.06.2013 | Chicago

CHICAGO, Jan 4 (Reuters) - Illinois Governor Pat Quinn said on Friday he is optimistic that state lawmakers will pass pension reform legislation nex...

State Lawmakers Pursue Deal To Fix Pension Crisis

Reuters | Posted 03.03.2013 | Chicago

By Karen Pierog CHICAGO, Dec 31 (Reuters) - Illinois lawmakers on Wednesday resume efforts to fix the state's woefully underfunded sta...

Illinois Dragging Its Feet On Worst-In-Nation Pension Crisis

AP | SARA BURNETT | Posted 12.30.2012 | Chicago

CHICAGO -- Illinois, a state with a reputation for political wheeling and dealing, backroom handshakes and 11th-hour bargains, is dragging its feet on...

WATCH: Meet 'Squeezy,' Illinois' Pension Villain -- Really

Posted 11.19.2012 | Chicago

As Illinois' pile of unpaid bills continues to mount, Gov. Pat Quinn on Sunday introduced the "grassroots" campaign he hopes will help build support f...

Is The State's Pension Problem Beyond Fixing?

Reuters | Posted 01.14.2013 | Chicago

CHICAGO, Nov 14 (Reuters) - Illinois' public pension crisis has grown so severe that it can no longer be fixed, a Chicago business group warned on W...