Champaign

Illinois Sportsmen to DNR: Where’s Our Money?

By Chris Andriesen
10/28/2010
by Lee Williams Download a formatted version of this report, complete with a table of the Pittman-Robertson Act contracts awarded by the Illinois Department of Natural Resources, here. SPRINGFIELD, IL.—The Illinois Department of Natural Resources is misappropriating millions of dollars that should have been earmarked for the state’s sportsmen. The Pittman-Robertson Act, an 11-percent federal tax on...

Pension Systems Selling Assets to Cover Benefits

08/25/2010
by Kristina Rasmussen From Crain’s: Illinois Teachers’ Retirement System, Springfield, plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits, according to Dave Urbanek, public information officer. The system is the fifth Illinois statewide defined benefit plan to sell off investments this...