Under Illinois law, towns that miss required pension contributions risk state intervention. In 2016, Round Lake Park paid less than 40 percent of its required pension contribution.
On Oct. 2, the Lake County Federation of Teachers, or LCFT, began a public-employee union shutdown of Waukegan Unit School District 60 schools, which serve 16,138 students. In the wake of the strike, the Waukegan community is dealing with a dramatic disruption to their lives, with closed schools and parents struggling to find childcare and...
EMCO Chemicals Distributors Inc., a chemical manufacturer, packager and distributor, announced the grand opening of its brand new, 260,000-square-foot-facility in Pleasant Prairie, Wis. That’s bad news for Illinois, as the company’s headquarters was previously located about 20 miles south in North Chicago. EMCO earns more than $300 million annually in sales, and is now the...
Allstate Corp. tops the list of Illinois companies planning layoffs, according to a June report from theIllinois Department of Commerce and Economic Opportunity, or IDCEO. The Northbrook-based insurance company is planning to lay off 348 workers from its Woodridge, Ill., location as part of a restructuring effort to reduce expenses. Under IDCEO’s Illinois Worker Adjustment and...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.