Posts tagged "Chicago Tribune"

Illinois' Governor Quinn Unveils Pension Reform Proposal

Last week, Governor Pat Quinn offered the outlines of a pension reform proposal that is an important first step in addressing Illinois’ massively underfunded public pension system. The plan calls for a 3% hike in employee contributions, phasing in an increase in the retirement age to 67, reducing cost of living adjustments, and shifting some... Read more »

Illinois Budget News: May 20

Another day full of news – and after the release of a research paper by Northwestern University’s economist Josh Rauh – its no wonder. You may remember in February, the Pew Center for the States released a report saying  the states are facing a $1 trillion discrepancy between promised employee retirement benefits and those they... Read more »

Illinois Budget News: May 18

The Chicago Tribune’s Dennis Byrne and Eric Zorn discuss what’s next for the Illinois budget with some idea swapping and back and forth number crunching. Like everyone else, they’re waiting with anticipation to see where this budget is headed. How can Illinois (aka Greece) climb out of its deep budget hole? Governor Quinn said we’ll... Read more »
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Illinois Budget News: May 17

Another Monday and another great collection of editorials and news clips from the weekend and today. To start, we would like to quote the enitre editorial from the Chicago Tribune this morning, “Springfield’s lost boys“, but we’ll start with the opening paragraph. The full piece is a must read and calls on lawmakers to cut... Read more »

Take Action!

Newspapers often use their influence to sway the opinion of one group or another, but, besides the occasional email address or phone number, it ends there. You read, you digest, you move on. In the Chicago Tribune’s latest effort, ‘Take Action‘, they are calling on you, residents of Illinois to become more actively involved with... Read more »

Illinois Budget News: May 3

‘Vote us out Nov. 2′ an editorial from the Chicago Tribune: They haven’t sworn off borrowing. Or reformed how they spend money. Or fixed leaky ethics laws. Or given employers reasons to grow jobs here. Instead, Illinois legislators have spent four months enjoying the salaries and perks you lavish on them — and now they’re... Read more »
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Today's Illinois Budget News: April 27

Fellow ChicagoNow blogger Dennis Byrne took a closer look at the Springfield rally and it’s call to raise taxes: [Rally supporters] were there under the misimpression that an income tax increase could preserve state-funded services. How big an increase? Not much, according to the coalition. Its “Fair Solution to the Illinois Budget Crisis” platform states,... Read more »

Today's Budget News: April 26

Civic Federation released a report today opposing Governor Quinn’s $52 billion FY2011 recommended State operating budget, stating it is: “unbalanced and does too little to address the State’s fiscal crisis. The Governor’s recommended budget borrows billions to pay for operations while continuing to ignore the massive backlog of unpaid bills, which will make the State’s... Read more »