Rauner Aide Seeks Chicago Schools' Support For Pension PlanIllinois Education Secretary Beth Purvis said Wednesday the plan would provide $215 million for retirement accounts administered by Chicago Public Schools.
Rauner Vetoes $215 Million In Pension Aid For Chicago Public SchoolsThe parties agreed to that funding in June on the condition that lawmakers would work on a separate plan to overhaul a statewide pension system that's more than $100 billion in debt.
Opinion: Illinois Sinks Into The Abyss, Politicians Abandon Ship And The State’s Most Vulnerable DrownIllinois’s entire social services landscape is sinking, pulled under by the weight of the state’s budget quarrel. Thousands are suffering.
Emanuel Praises Lawmakers For Overriding Rauner Veto Of Pension Relief PlanMayor Rahm Emanuel applauded Illinois lawmakers Tuesday, a day after the legislature overrode Gov. Bruce Rauner’s veto of legislation to provide the city with short-term relief in funding police and fire pensions.
Lawmakers Override Rauner's Veto Of Chicago Pension Relief PlanChicago taxpayers will save $1 billion on police and fire pension costs in the short term under a law the General Assembly approved Monday after some House Republicans bucked their governor, who had railed against it as a ridiculous expansion of the Illinois' growing pension hole.
Emanuel Urges Rauner To Sign Police And Fire Pension ReformMayor Rahm Emanuel is outlining why he believes Gov. Bruce Rauner should be enthusiastic about signing legislation to give the city more time to make payments to its police and firefighter pension funds.
Illinois Supreme Court Rules Chicago Pension Bailout UnconstitutionalThe Illinois Supreme Court has struck down the Emanuel administration’s attempt to bail out the severely underfunded pension systems for city workers and laborers.
Pension Bill On Hold Despite Rauner, Cullerton AgreementRepublican Gov. Bruce Rauner wants lawmakers to address Illinois' worst-in-the-nation pension crisis "right away." But despite a rare agreement between Rauner and Democratic Senate President John Cullerton, it's unlikely a bill will advance anytime soon.
Emanuel: Rauner "His Own Worst Enemy" In Tackling State's ProblemsWith their longtime friendship having grown increasingly fractured, Mayor Rahm Emanuel on Friday said Gov. Bruce Rauner should put as much effort into solving problems as he does attacking his political rivals.
Civic Federation Backs Emanuel Property Tax Hike, But Has ConcernsA respected financial watchdog group has thrown its support behind Mayor Rahm Emanuel’s budget plan, but it comes with a warning.
Judge Rules City's 2014 Pension Overhaul UnconstitutionalThe overhaul approved by lawmakers sought to eliminate a $9.4 billion unfunded pension liability by cutting benefits and increasing contributions. It would affect about 61,000 city employees and retirees.
Emanuel To Rauner: Stop 'Personalizing' Budget And Pension Fight With MadiganA day after Gov. Bruce Rauner told Illinois House Speaker Michael Madigan to either fall in line with his agenda or pass a tax hike on his own, Mayor Rahm Emanuel is warning Rauner that doing so was a bad move.
Emanuel: City Coming Up With Plan B For Pensions After High Court RulingMayor Rahm Emanuel said officials at City Hall are working on what they can do to shore up the city’s underfunded public employee pension funds, after an Illinois Supreme Court ruling overturned the state’s pension overhaul.
Illinois Supreme Court Tosses State Pension OverhaulThe decree puts new Republican Gov. Bruce Rauner and Democrats who control the General Assembly back at the starting line in trying to figure out how to wrestle down a $111 billion deficit in what's necessary to cover its state employee retirement obligations.
Illinois Justices Press State's Lawyer On Pension OverhaulIllinois Supreme Court justices asked the state's lawyer to explain Wednesday how the government can seek extraordinary power to reduce public pension benefits in the face of a fiscal crisis when the government itself is culpable for the financial mess.