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Articles tagged with: Pensions

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[26 May 2015 | No Comment | ]

Crain’s political reporter Greg Hinz commented on the recent budget battle in which the state has to find a way to close a $6.6 billion hole in next year’s fiscal budget. Entitled “Ideology, not money, holding up state budget deal,” Hinz illustrates how he believes this budget battle is more about ego between House Speaker Michael Madigan (D-Chicago) and Gov. Bruce Rauner (R-Ill.) than math and provides a “simple solution” to solving the battle – which basically involves having Rauner…

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[23 Dec 2014 | No Comment | ]

A new Chicago Tribune study confirms what many have already suspected for years: the city’s red light cameras have done more to generate revenue than deliver any of the promised benefits they were sold upon, particularly regarding public safety benefits. Nearly half of the Chicago red light cameras included in a new Tribune study did nothing to make drivers safer and may have caused an increase in injury-related crashes.   Researchers hired by the Tribune to analyze the effects of…

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[10 Jul 2014 | No Comment | ]

Eric Allie on the recent action at the Illinois Supreme Court, and what that forebodes for their upcoming ruling on the state’s recently-passed pension “reform” bill.

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[26 May 2011 | 2 Comments | ]

It’s tough to get average Joes and Susans interested in the state’s $80 billion in unpaid pensions. People are too busy working, feeding their kids, and paying their bills to pay too much attention. But it’s urgent that we focus…

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[14 Apr 2011 | No Comment | ]

MARION–A new report by Taxpayers United of America (TUA) reveals that many retired government employees of Williamson and Jackson County receive lavish, gold-plated pensions that far exceed average annual wages of workers in the private sector. “These outrageous government-employee pensions…

Chicago, Syndicated »

[2 Feb 2011 | No Comment | ]

I give Emanuel credit for saying the right things about labor costs and pensions. He would reform the health care system for city employees, consider requiring a bigger contributions from currently working employees and fixing the pension system. Go, Rahm….

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[28 Jan 2011 | No Comment | ]

( Tribune photo by Antonio Perez / October 23, 2008 ) Former Gov. Jim Edgar and former Comptroller Dawn Clark Netsch hold a press conference at the Thompson Center in Chicago to urge Illinoisans to vote "no" on the…

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[24 Jan 2011 | No Comment | ]

Jim Nowlan is an experienced hand at state government, having served in it and having observed it as a scholar. His commentary here is one of the best, clearly stated summaries of Illinois’ financial problems. It pessimistic about how the…

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[10 Jan 2011 | No Comment | ]

Joel Klein, former chancellor of New York City’s public schools, makes a common sense suggestion that would reduce the public’s burden of financing overly generous pension benefits while giving teachers what they say they want: Equity (better) pay when they…

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[4 Jan 2011 | No Comment | ]

It’s about time that organized employees in the private sector are beginning to realize that they, too, are coughing up for the generous benefits paid to public sector employees. Reports the Wall Street Journal: The notion that Wall Street and…