| Oct 23, 2013
| 1:46 PM
Mayor Rahm Emanuel today unveiled a nearly $7 billion budget for 2014, but also focused on a year from now and warned what will happen if the city doesn't fix its pension system by then.
“Should Springfield fail to pass pension reform for...
| May 28, 2013
| 7:22 PM
SPRINGFIELD — The Illinois Senate pressed for a compromise Tuesday to allow concealed weapons in Illinois, advancing a measure that would let Chicago keep local firearms laws like its assault weapons ban and rejecting a separate bill that would wipe...
| May 29, 2013
| 5:08 AM
SPRINGFIELD — New estimates released Tuesday indicate House Speaker Michael Madigan’s pension reform proposal would save more money over the next three decades than had been expected.
Number crunchers turned in a final review that showed...
| May 31, 2013
| 5:28 AM
SPRINGFIELD --- The Illinois Senate tonight overwhelmingly defeated a major overhaul of the state's heavily indebted government worker pension systems, throwing into question whether cost-saving reforms will be approved before Friday night’s...
| May 31, 2013
| 7:46 PM
SPRINGFIELD --- A plan to allow Mayor Rahm Emanuel to skip a large chunk of Chicago Public Schools pension payments for two years failed today after Gov. Pat Quinn vowed to veto it unless lawmakers also approve comprehensive government worker pension....
| Jun 3, 2013
| 1:48 PM
SPRINGFIELD --- A major investor ratings service further lowered Illinois' worst-in-the-nation credit rating today following lawmakers' inability to agree on money-saving reforms to the public employee pension system.
Fitch Ratings dropped Illinois...
| Jun 3, 2013
| 10:01 PM
SPRINGFIELD — Democrat William Daley says he is “stunned” the state failed to address the pension crisis in the spring session and indicated the legislative meltdown is moving him closer to announcing a decision on whether to challenge...
| Jun 6, 2013
| 2:23 PM
Gov. Pat Quinn today called lawmakers back into special session June 19 to deal with the public employee pension shortfall after another rating agency downgraded Illinois' credit rating.
Given the wide philosophical divides between the House and Senate,...
| Jun 7, 2013
| 2:06 PM
Gov. Pat Quinn said today that he'll meet with Democratic legislative leaders Monday to try to find compromise on changes to a public employee pension system that's approaching $100 billion in debt.
The governor indicated he spoke with House Speaker...
| Jul 25, 2013
| 4:15 PM
Comptroller Judy Baar Topinka said Thursday that she cannot issue paychecks to lawmakers unless they vote to overturn Gov. Pat Quinn's $13.8 million veto of their salaries or a court rules her office must pay out.
The decision comes after weeks of...
| Mar 4, 2013
| 4:07 PM
SPRINGFIELD — Gov. Pat Quinn vetoed a major gambling expansion today in a move that's been long expected, but a new version will be surfacing soon.
The new legislation once again would allow a casino in Chicago and four other sites around the...