The Illinois Supreme Court’s precedent has made it impossible for Chicago to stave off bankruptcy by making even the most meager reforms to government-worker pensions.
Changing the repayment plan to one based on flawed assumptions and bad accounting does nothing to shield taxpayers from the risks of an imperfect system.
If state lawmakers fail to pass a balanced budget by a three-fifths majority vote, essential programs will be harmed. But thanks to House Speaker Mike Madigan and Senate President John Cullerton, politicians will still get their paychecks.
A new Illinois Policy Institute analysis finds that adults with no spouse and living with children are most likely to live below the poverty line. Education matters just as much.