Chicago

Gov. Bruce Rauner signs stopgap budget

By Hilary Gowins
06/30/2016
The stopgap budget compromise reached between the General Assembly and Gov. Bruce Rauner will fund government operations for the next six months and ensure that schools open on time in the fall.

Brexit and Chicago’s potential bankruptcy

By Ted Dabrowski, John Klingner
06/25/2016
Pension funds aren’t immune to the volatility of the stock market. Even before Brexit, Moody’s warned that low investment returns are already putting Chicago’s pension funds at risk. A major stock market correction or another recession just might put Chicago and CPS over the edge if their already-underfunded pension systems collapse.

TAGS: bankruptcy, Chicago, municipal pensions, pensions, Rahm Emanuel

Pensions over people

By Austin Berg
06/23/2016
The pension problem was created and has been fueled by weak politicians – men and women who decided their next elections were more important than the next generation.

TAGS: budget, pensions