Illinois

Illinois harbors hundreds of hidden pension crises

By Benjamin VanMetre

04/30/2015

They might not make headlines, but Illinois is home to hundreds of government-worker pension systems in horrible shape.

Top legal scholar: Lisa Madigan is wrong on local Right-to-Work

04/28/2015

Illinois’ attorney general claims local Right-to-Work ordinances violate federal labor laws. But she’s wrong: Federal law doesn’t preempt Illinois state law on this issue.

TAGS: labor, Lisa Madigan, right to work

Why Illinois needs a turnaround in 12 graphics

By Michael Lucci

04/27/2015

The failures of Springfield are many, the state and local crises are real, and the time for action is now.

TAGS: economy, jobs

Cadillac tax will cost Illinois billions without health-benefit reforms

By Naomi Lopez Bauman

04/26/2015

If retiree health benefits remain unchanged, Illinois taxpayers will foot the bill for an estimated $1 billion through 2035 in Cadillac taxes on retiree health-insurance plans alone.

TAGS: ACA: Affordable Care Act

Closing imaginary loopholes in Illinois’ public-records law

By David Giuliani

04/24/2015

While the Freedom of Information Act is abundantly clear, secrecy-obsessed bureaucrats often claim exemption.

TAGS: College of DuPage, FOIA: Freedom of Information Act

Bill repealing ban on ex-offender employment in schools passes Illinois House

By Heather Weiner

04/24/2015

HB 494 empowers employers to find the best match for their school based on full information of a job applicant’s history.

7-year negative returns in stocks and bonds, fraudulent pension promises

04/24/2015

How did Illinois’ pension plans become so underfunded? In general, by promising far more than can possibly be delivered.

TAGS: bonds, pensions

Illinois’ pension squeeze hits Lake Zurich

By Benjamin VanMetre

04/23/2015

Lake Zurich is struggling under the weight of growing pension costs.

TAGS: Lak Zurich, pensions

The Chicago penalty

04/23/2015

Chicago paid a premium on its recent bond offerings. Why? Default risk.

TAGS: bonds, Chicago, Chicago Board of Education, CPS: Chicago Public Schools

Illinois moves to ban red-light cameras statewide

By Hilary Gowins

04/23/2015

Ideally, the state wouldn’t have to get involved, and local governments would act in the best interests of taxpayers. But the latter isn’t happening.

TAGS: ban

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FAQ: How the federal scholarship program would help Illinois students

Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...

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