Springfield

A principled stand against pension “fix”

By Matt Paprocki
12/04/2013
Lawmakers met in Springfield on Tuesday for a special session on pension reform. After an early morning committee hearing, a gathering of each of the four legislative caucuses and several hours of lengthy floor debates, a pension bill passed the House and Senate, and now awaits Gov. Pat Quinn’s signature. The Illinois Policy Institute adamantly...

TAGS: Brad Halbrook, Brian Stewart, Dale Righter, Dan Duffy, David Harris, David Luechtefeld, defined benefit plans, Dwight Kay, Jason Barickman, Jeanne Ives, Joe Sosnowski, Kyle McCarter, pensions, Senate Bill 1, Tom Cross, Tom Morrison

Madigan pension plan makes guarantee taxpayers can’t afford

12/03/2013
One of the biggest flaws in the pension “reform” proposals that have come out of Springfield has been “pension-funding guarantees” – provisions that would contractually obligate the state to fund public pension systems. The problem with any pension funding guarantee is that it commits taxpayers to spending that could lead to higher taxes, render the...

TAGS: Mike Madigan, pensions

Capitol Updates: Special session

By Jane McEnaney
06/19/2013
In early June, Gov. Pat Quinn called lawmakers to return to Springfield on June 19 for a one-day special session on pension reform. This came in the wake of yet another downgrade of Illinois’ credit as a result of inaction on pension reform when the legislative session adjourned on May 31. Our most recent knocks from Moody’s Investors Service and Fitch Ratings  mark Illinois’ 12th...

$50,000 for a Glorified Bulletin Board

By Chris Andriesen
05/19/2011
by Kristina Rasmussen We told you about a $100K state grant to put up two informational kiosks in Springfield in a Spotlight on Spending report: $100,000 for Touch Screen Kiosks in Springfield The DCEO gave Downtown Springfield Inc. $100,000 for touch-screen kiosks to “provide information on local historic sites, restaurants, retail shops, services, hotels, recreational facilities, maps...