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Pension Issue Unresolved, Cost to Taxpayers Rising

Pension Issue Unresolved, Cost to Taxpayers Rising | Illinois Legislative Affairs | Scoop.it
A special legislative session in Springfield last week made no progress. Here, Patch rounds up reactions from local politicians and residents. (Should more of the burden of pension reform be shifted to local school districts?
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Illinois Legislative Affairs
News about Illinois General Assembly happenings that impact business
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Illinois General Assembly ushers in crowdfunding revolution - Quincy, IL News - QuincyJournal.com

Illinois General Assembly ushers in crowdfunding revolution - Quincy, IL News - QuincyJournal.com | Illinois Legislative Affairs | Scoop.it
Quincy, Illinois News
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Proposed Illinois tax hikes under consideration in Springfield

Proposed Illinois tax hikes under consideration in Springfield | Illinois Legislative Affairs | Scoop.it
A list of bills currently underway in the Illinois General Assembly which would increase Illinois tax revenue through higher or new taxes.
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Bill that freezes expansion of local government approved by Illinois Legislature - Reboot Illinois

Bill that freezes expansion of local government approved by Illinois Legislature - Reboot Illinois | Illinois Legislative Affairs | Scoop.it
Bill that places a four-year moratorium on legislation creating any new unit of local government in Illinois approved the General Assembly.
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Pension Reform 2015 - Infographic - Accenture

Pension Reform 2015 - Infographic - Accenture | Illinois Legislative Affairs | Scoop.it
Read Accenture’s infographic about Pension Reforms 2015 and learn how pension systems and retirement agencies can work smarter, faster and more economically in 2015.
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Brainstorming on pension fix abounds after Illinois high court rejected law - Chicago Tribune

Brainstorming on pension fix abounds after Illinois high court rejected law - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Treat the state's crushing pension debt like a home mortgage and refinance it. Offer public workers a deal to cut pension bills. Fire them all. Let the dust settle on pensions and do nothing to change them.
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How Illinois can crawl out of the pension debt swamp

How Illinois can crawl out of the pension debt swamp | Illinois Legislative Affairs | Scoop.it
Ralph Martire of the Center for Tax and Budget Accountability talks about how we got here—and one way Illinois could work its way out from under billions in debt.
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Workers' comp could see changes - Illinois Times

Workers' comp could see changes - Illinois Times | Illinois Legislative Affairs | Scoop.it
News,Contact Alan Kozeluh at intern@illinoistimes.com
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Illinois legislators skeptical about new pension deal this spring - Chicago Tribune

Illinois legislators skeptical about new pension deal this spring - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Illinois lawmakers expressed skepticism Wednesday that they'll be able to pass a new pension reform bill this spring, despite pressure from Gov.
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Democrats call property tax freeze 'terrible,' set up showdown - Chicago Daily Herald

Democrats call property tax freeze 'terrible,' set up showdown - Chicago Daily Herald | Illinois Legislative Affairs | Scoop.it
Democrats Tuesday called a proposal to freeze property taxes "terrible" and "awful" but voted for it anyway to set up a showdown on the Illinois House floor in the coming weeks. Gov.
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Illinois Pension Clash Raises Question: Who Raises Taxes, Lawmakers Or The Courts?

Illinois Pension Clash Raises Question: Who Raises Taxes, Lawmakers Or The Courts? | Illinois Legislative Affairs | Scoop.it
The Illinois Supreme Court has told the legislature to keep its hands off public pensions, but nothing is so simple.
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Workers' comp could see changes - Illinois Times

Workers' comp could see changes - Illinois Times | Illinois Legislative Affairs | Scoop.it
News,Contact Alan Kozeluh at intern@illinoistimes.com
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Rep. Grant Wehrli shares his thoughts on Illinois' future

Rep. Grant Wehrli shares his thoughts on Illinois' future | Illinois Legislative Affairs | Scoop.it
Illinois state Rep. Grant Wehrli explains how he thinks Illinois must move forward for a better state.
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Illinois pension reform decision: State must pay in full

Illinois pension reform decision: State must pay in full | Illinois Legislative Affairs | Scoop.it
The Illinois Supreme Court's pension reform decision tosses out pension reform law, puts state on the hook for $111 billion.
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As Illinois runs out of options in budget crisis, tax rises seen in the cards

As Illinois runs out of options in budget crisis, tax rises seen in the cards | Illinois Legislative Affairs | Scoop.it
NEW YORK/CHICAGO (Reuters) - With no easy way to financially engineer or negotiate its way out of a budget and pensions crisis, Illinois is likely to dish out some unpleasant medicine to its residents...
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State would gain $2.1 billion if Illinois sales tax applied to services - Reboot Illinois

State would gain $2.1 billion if Illinois sales tax applied to services - Reboot Illinois | Illinois Legislative Affairs | Scoop.it
Illinois sales tax applies almost exclusively to goods, not services. A study says this is outdated and Illinois could make $2.1 billion by taxing services.
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Illinois GOP: New governor, same Democratic tricks

Illinois GOP: New governor, same Democratic tricks | Illinois Legislative Affairs | Scoop.it
Illinois GOP leaders say despite the change of party in power in the governor’s office, the Democrats in control of the legislature are showing the same movie of years past.
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Illinois House Democrats craft their own budget plan

Illinois House Democrats craft their own budget plan | Illinois Legislative Affairs | Scoop.it
House Democrats say they're working behind the scenes to draw up their own budget plan they hope can pass before a May 31 deadline as Republican legislative leaders complained Tuesday that their counterparts across the aisle are failing to...
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Robert Rich: Illinois General Assembly squarely to blame for pension funding ... - The State Journal-Register

Robert Rich: Illinois General Assembly squarely to blame for pension funding ... - The State Journal-Register | Illinois Legislative Affairs | Scoop.it
The recent Illinois Supreme Court decision regarding pension reform has produced a lot of controversy.A Wall Street Journal opinion piece labeled
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State Senator Bill Brady on His Idea for Pension Reform

State Senator Bill Brady on His Idea for Pension Reform | Illinois Legislative Affairs | Scoop.it
State Senator Bill Brady (R-Bloomington) joins Justin to talk about dusting off an old idea for pension reform. Will his idea work?
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What's Plan B for Illinois pension reform? - Pekin Daily Times

What's Plan B for Illinois pension reform? - Pekin Daily Times | Illinois Legislative Affairs | Scoop.it
Illinois lawmakers are scrambling to determine if there is a viable Plan B available for the state to implement cost-saving pension reform.
The Illinois
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Judges For Higher Taxes, Not Pension Reform, In Illinois

Judges For Higher Taxes, Not Pension Reform, In Illinois | Illinois Legislative Affairs | Scoop.it
Last week the Illinois Supreme Court overturned a state law that would help fix the state's notorious pension crisis. What a tragedy for the state's taxpayers.
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Truth in Accounting: Illinois hiding $118 billion in retirement debt - Reboot Illinois

Truth in Accounting: Illinois hiding $118 billion in retirement debt - Reboot Illinois | Illinois Legislative Affairs | Scoop.it
Fiscal watchdog Truth in Accounting says Illinois is hiding 75 percent of its retirement-related debt. A new report says each taxpayer owes $45,000.
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Is Pension Reform Possible In Illinois? | Illinois Conservative Examiner

Is Pension Reform Possible In Illinois? | Illinois Conservative Examiner | Illinois Legislative Affairs | Scoop.it
Is Pension Reform Possible In Illinois?: http://t.co/3QfNT1FS1j | #GovBruceRauner #Illinois #pensionreform #Politics #unions
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Illinois is the worst of 22 states with budget deficits - Reboot Illinois

Illinois is the worst of 22 states with budget deficits - Reboot Illinois | Illinois Legislative Affairs | Scoop.it
The Associated Press explains why 22 states are facing budget deficits this year, years after the official end of the recession.
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Cullerton Proposing New State Pension Reform Measure | Progress Illinois

Cullerton Proposing New State Pension Reform Measure | Progress Illinois | Illinois Legislative Affairs | Scoop.it
Illinois Senate President John Cullerton (D-Chicago) is putting forward a state pension reform proposal that is a revamp of the one he proposed back in 2013, which had union support and offered pensioners a choice in their retirement benefits. ...
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