One suggestion: extend the temporary income tax increase, set to expire in 2015, and earmark that revenue towards paying the pension obligations.
John C. Bambenek, a Champaign resident who’s now running for the state Senate, is suing the state Board of Elections over the amendment.
The downgrade, from A+ to A, leaves Illinois with the nation’s second-lowest rating from S&P.
Gov. Quinn called legislators into special session Friday to address pensions. But nothing could be achieved.
Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
Once again, dozens of St. Louis firefighters jammed the rotunda stairs inside City Hall.
Chief says cuts can be made without losing officers
State officials said last month they plan to deny Blagojevich’s $65,000-a-year pension, just as they did to his predecessor.
Taxpayers’ group highlights millions in lifetime pension payments.
SPRINGFIELD, Ill. (AP) __ Efforts to shore up Illinois pension systems would force public employees to dig deep into their pockets or accept cuts to their retirement benefits. Many state employees would have to pay […]