(UPDATED: action in House pension committee. See below) by Collin Hitt A bold proposal to reform government employee pensions has been put forward, Senate Bill 512. It is the broadest and best legislation yet introduced by legislative leaders hoping to address the long term debt, and insolvency, of Illinois’s public employee pension funds. Illinois taxpayers...
Introduction Today, Illinois stands at a crossroads. Our state faces mounting debt and troublesome unemployment. Significant budget challenges have been caused and are now intensified by destructive overspending habits and a job-killing regulatory approach. In the midst of this crisis, Illinois citizens and their leaders must turn the state’s affairs around and put Illinois back...
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.