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Moody's credit warning makes pension reform more urgent than ...

Moody's credit warning makes pension reform more urgent than ... | Illinois Legislative Affairs | Scoop.it
CHICAGO – August 23, 2012 – “Moody's Investors Service in their August 23 bulletin declared that the Illinois legislature's failure to enact pension reforms during last week's special session is 'credit negative' for Illinois (A2 ...
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Illinois Legislative Affairs
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Arizona takes its map back. Illinois, you're next. - Chicago Tribune

Arizona takes its map back. Illinois, you're next. - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
The people of Arizona scored a big win in the U.S. Supreme Court on Monday. People of Illinois, were you watching?
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Rauner prepares closures, spending cuts if no balanced budget OK'd - The State Journal-Register

Rauner prepares closures, spending cuts if no balanced budget OK'd - The State Journal-Register | Illinois Legislative Affairs | Scoop.it
Gov. Bruce Rauner’s administration said Tuesday it is looking at raising co-payments for subsidized day care, closing youth prisons and state
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Illinoisans suffer, politicians get paid should General Assembly fail to pass balanced budget

If state lawmakers fail to pass a balanced budget, essential programs will be harmed. But thanks to House Speaker Mike Madigan and Senate President John Cullerton, politicians will still get their paychecks.
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Illinois Lawmakers Wrap up Spring Session

Illinois Lawmakers Wrap up Spring Session | Illinois Legislative Affairs | Scoop.it
Lawmakers will begin a summer overtime session as soon as Thursday
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Illinois Budget Debate Picks Up

Illinois Budget Debate Picks Up | Illinois Legislative Affairs | Scoop.it
With less than week left in the spring session, Illinois lawmakers finally have a budget plan.
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Madigan rejects Rauner's approach linking business changes to budget

Madigan rejects Rauner's approach linking business changes to budget | Illinois Legislative Affairs | Scoop.it
House Speaker Michael Madigan returned to the Capitol on Memorial Day and delivered a message to Gov.
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Democrats introduce proposed $36 3 billion budget for 2016

CHICAGO (FOX 32 News) - Illinois Democrats have introduced a proposed 2016 budget they say calls for more than $3 billion more in spending than the state ...
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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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Illinois House defeats latest Rauner property-tax plan

Illinois House defeats latest Rauner property-tax plan SPRINGFIELD, Ill. (AP) - Illinois House Democrats put another property-tax freeze to a vote - this one ...
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Rauner To Democrats: 'No More Kicking The Can'

The budget stalemate in Springfield continued Monday. CBS 2 Chief Correspondent Jay Levine reports. (CBS) — Republican Gov. Bruce Rauner fired back ...
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Rauner: 'Rough' weeks ahead for Illinois lawmakers

Rauner: 'Rough' weeks ahead for Illinois lawmakers | Illinois Legislative Affairs | Scoop.it
SPRINGFIELD, Ill. -- There's a standoff in Springfield, Ill., and what was supposed to be the conclusion of the legislative session Sunday wasn't so at all. Democrats call Governor Bruce Rauner's i...
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Illinois legislature extends session to keep working on state budget

Illinois legislature extends session to keep working on state budget | Illinois Legislative Affairs | Scoop.it
Illinois Speaker of the House, Michael Madigan, called for an extension to the spring session after legislators on Sunday, May 31, could not come to an agreement on a balanced state budget. "This i...
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Illinois Lawmakers Have Until Friday to Pass Budget - Tristatehomepage.com

Illinois Lawmakers Have Until Friday to Pass Budget - Tristatehomepage.com | Illinois Legislative Affairs | Scoop.it
The Illinois General Assembly has yet to present a bill on closing the state's $6 billion dollar budget deficit.
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Standoff between Rauner, Dems threatens Legislature

Standoff between Rauner, Dems threatens Legislature | Illinois Legislative Affairs | Scoop.it
Standoff between Rauner, Dems threatens Legislature http://t.co/BuF5QkprEh
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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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