On a range of issues, our state faces tough problems that can only be solved by stakeholders and elected officials working together. The new pension reform legislation, Senate Bill 2404, shows the way.

CHICAGO, May 6 (Reuters) - A union-backed plan to reform the worst-funded state pension system in the United States will be introduced in the Illino...

It's no secret the State of Illinois faces an enormous budget crisis. Vital services across the state are being squeezed out to pay for past-due obligations to pension plans and debt service.

By Karen Pierog CHICAGO, May 1 (Reuters) - The Illinois Senate president and labor leaders on Wednesday began pushing a new plan to re...

By Karen Pierog CHICAGO, April 30 (Reuters) - Illinois House Speaker Michael Madigan on Tuesday proposed a comprehensive plan to fix t...

By Karen Pierog CHICAGO, April 7 (Reuters) - Illinois lawmakers begin a two-month push on Monday to enact major pension reform, under ...

By Joanne von Alroth SPRINGFIELD, Ill. March 21 (Reuters) - The Illinois House on Thursday voted to drastically limit ...

SPRINGFIELD, Ill., March 20 (Reuters) - The Illinois Senate passed another small piece of pension reform on Wednesday with a measure aimed at squeez...

SPRINGFIELD, Ill., March 14 (Reuters) - The Illinois House of Representatives continued its piecemeal approach to reforming the state's sagging publ...

SPRINGFIELD, Ill. — Federal authorities announced Monday that Illinois has agreed to settle a securities-fraud charge that accused the state of ...

By James B. Kelleher CHICAGO, March 8 (Reuters) - Illinois warned that it will run out of money next week to pay for a program that al...

By Renita Young SPRINGFIELD, Ill., March 7 (Reuters) - The Illinois House of Representatives on Thursday took the firs...

Updated story Illinois Gov. Pat Quinn Wednesday at noon began his annual budget address, offering a preview of his proposed 2014 budget for the fin...

By Joanne von Alroth SPRINGFIELD, Ill., Feb 28 (Reuters) - The Illinois House of Representatives on Thursday dealt a s...

CHICAGO, Feb 25 (Reuters) - Illinois' pile of overdue bills could nearly triple to $21.7 billion in five years unless the state takes action to curb...

By Joanne von Alroth SPRINGFIELD, Ill., Feb 20 (Reuters) - An Illinois lawmaker proposed on Wednesday making a personal income tax inc...

By Joanne von Alroth SPRINGFIELD, Ill., Feb 6 (Reuters) - Governor Pat Quinn said on Wednesday that Illinois is at a "...

By Karen Pierog CHICAGO, Feb 5 (Reuters) - Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his wor...

A solution to this mess will not be found in the proverbial robbing of Peter to pay Paul: Reneging on pension promises made to our civil servants -- retired teachers among their ranks -- is not an acceptable or sustainable way to fulfill our educational funding imperatives.

CHICAGO -- Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any ...

SPRINGFIELD, Ill. — Illinois lawmakers abruptly adjourned a lame-duck legislative session Tuesday without agreement on how to fix the nation's m...

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

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

CHICAGO, Dec 13 (Reuters) - Illinois' public pension funding problems, likely to persist if not worsen, led Moody's Investors Ser...

By Joanne von Alroth SPRINGFIELD, Ill, Dec 5 (Reuters) - A bipartisan group of Illinois lawmakers on Wednesday unveiled a plan to fix ...