Michael Madigan

Illinois term-limit petition halfway to 300K signature goal

By Brian Costin
11/22/2013
Illinois is one of only 11 states without term limits, but a constitutional referendum proposal to bring the proposed reform to Illinois met a significant milestone. From the Chicago Sun-Times: “Bruce Rauner’s Committee for Legislative Reform and Term Limits has already reached 150,000 petition signatures — the halfway mark to getting onto the Nov. 2014...

TAGS: Bruce Rauner, Committee for Legislative Reform and Term Limits, term limits

As usual, politicians win, taxpayers lose in legislator pay lawsuit

09/28/2013
In July, Illinois Gov. Pat Quinn used his line-item veto power to suspend legislators’ salaries, pledging to withhold legislators’ paychecks until they solved the state’s pension problem. But just Thursday, Cook County Circuit Court Judge Neil H. Cohen ruled that Quinn’s move was unconstitutional. Article IV, Section 11, of the Illinois Constitution prohibits any “changes” to...

TAGS: John Cullerton, lawmaker pay, Mike Madigan, Pat Quinn

Term limits puts career politicians and lobbyists on notice

By Brian Costin
09/24/2013
Despite their rationale, critics who oppose term limits are siding with the status quo, which not only keeps intact all-powerful political dynasties but also preserves special-interest lobbyists’ relationships with legislators. Christopher Mooney is one such critic, as he made clear in his recent anti-term limits editorial in Crain’s Chicago Business. By opposing term limits, Mooney isn’t...

TAGS: term limits

Oops — another ‘error’ in Illinois’ pension mess

08/29/2013
If Illinoisans needed any more proof that the state’s defined benefit pension systems are unmanageable and dysfunctional, they got it on Aug. 26. Dick Ingram, head of the Teachers’ Retirement System, or TRS, informed Illinois’ pension conference committee that TRS’s actuaries made a mistake in calculating the expected savings of House Speaker Mike Madigan’s proposed pension...

Credit union offers interest-free loans to Illinois lawmakers during pay freeze

By Hilary Gowins
08/04/2013
Illinois lawmakers stopped getting paid on Thursday. So did Gov. Pat Quinn, who on July 10 used his line-item veto power to halt lawmaker pay until the General Assembly reaches an agreement on pension reform. But a Rantoul-based credit union has come to their aid, offering interest-free loans to state legislators. According to the State Journal-Register,...

For real reform, Illinois should repeal campaign contribution limits

07/30/2013
Illinois’ limits on campaign contributions are anticompetitive and unconstitutional – and the bill Gov. Pat Quinn just signed enacting sweeping changes to the state’s election code only makes the system more arbitrary and unfair. The biggest problem with Illinois’ existing campaign finance law is that it limits how much money a person can give to candidates for state office...

Quinn freezes legislators’ pay over pension reform impasse

By Hilary Gowins
07/10/2013
Lawmakers on the Illinois General Assembly’s pension conference committee failed to meet Gov. Pat Quinn’s July 9  deadline to resolve the differences between the various pension reform proposals on the table. At a press conference Wednesday, Quinn announced that he is freezing legislators’ pay until they come up with a comprehensive pension solution. Quinn said he won’t collect...

Little movement during Illinois’ first pension committee meeting

By Chris Andriesen
06/29/2013
by Jane McEnaney On June 27, the Illinois General Assembly’s conference committee on pension reform met for the first time in Chicago. All 10 members of the bipartisan, bicameral committee were present. The committee met for five straight hours, hearing testimony from: Ty Fahner, President, Civic Committee of The Commercial Club of Chicago Jerry Stermer, Acting Director...

Moody’s: Illinois 2011 unfunded liability jumps by 65 percent

By Chris Andriesen
06/28/2013
by Ted Dabrowski and John Klingner Moody’s Investors Service reported that Illinois’ true unfunded pension liability in fiscal year 2011 was nearly 65% higher than the state’s official estimate. In its report titled “Adjusted Pension Liability Medians for U.S. States,” Moody’s calculated the unfunded liabilities for Illinois’ three largest state-run pension plans at $133 billion, compared...

Bill Daley acknowledges depth of union politics

06/19/2013
by Paul Kersey Possible gubernatorial candidate Bill Daley said something interesting at his “pension plan” news conference Monday morning. It just wasn’t really what he wanted to emphasize. Though he summoned the media for the occasion, the former White House Chief of Staff had little to say about why pensions in Illinois are in the...