Illinois Supreme Court on Friday struck down a 2013 law that sought to fix the nation’s worst government-employee pension crisis, a ruling that forces the state to find another way to overcome a massive budget deficit.
The House voted 62-53 in favor of the plan, sending it to Gov. Pat Quinn, who has said he will sign it. The Senate approved the measure 30-24 just minutes earlier.
A growing chorus of conservatives made statements in opposition to the proposal they say is being rushed through. A draft of the 325-page legislation was distributed Sunday and Monday.
After more than five months of work, Illinois’ legislative leaders announced Wednesday they’ve reached a deal to help solve the state’s $100 billion pension problem, considered the nation’s worst.
Gov. Pat Quinn said he would use his line-item veto power in a budget bill that’s on his desk, also vowing to not accept a salary himself until a compromise has been agreed.
Republican Comptroller Judy Baar Topinka warned that Illinois’ spring influx in unanticipated tax revenue will be short lived because of the state’s unresolved pension problem.
Michael Madigan is planning a fresh vote on his plan to overhaul the public-employee pension system, despite a request by the governor.
With just three days to go, lawmakers are inching along on a solution to Illinois’ nearly $100 billion pension crisis
Two somewhat similar pension proposals moved out of a top committee Wednesday in hopes of generating momentum on addressing Illinois’ worst-in-the-nation pension problem.
Illinois Gov. Pat Quinn is dumping attempts at compromise on public-pension reform and is proposing a commission recommend fixes to $96 billion that would become law unless the Legislature rejects it.