While details surrounding the ex-official’s separation with the village remain undisclosed to the public, trustees’ approval of his $161,000 severance package went unobstructed.
One rating agency cited Illinois’ “persistent crisis-like budget environment” as explanation for the state’s near-junk credit. A spending cap constitutional amendment and pension reform could go a long way toward putting the state on a healthier fiscal path.
Under Illinois law, defaulting on student loan debt could jeopardize one’s occupational license. But a Senate bill would protect indebted workers from displacement.