Saturday, March 23, 2013
Watch a brief video rundown of recent action in Springfield that could have an impact on your tax bill and money for local schools.
What's happening in Springfield now regarding the state pension crisis will have a long-term impact on your tax bills and the money the state government can afford to send to local schools. Teachers and bus drivers in the suburbs are getting layoff notices and schools are closing in the city of Chicago as the governor projects a cut of $300 million from the state education budget. This week, the Illinois House passed a bill that would trim cost-of-living payments for public retirees. The House previously passed a bill that raises the state employee retirement age incrementally. It's unlikely those measures will pass the Senate, leaving the pension crisis unresolved. Our friends at Reboot Illinois, a non-partisan news and advocacy website…
Sunday, January 27, 2013
Despite 2011's 67 percent state income tax hike — which took a week's pay away from you — the state's financial problems have worsened.
Illinois now has the lowest credit rating of all 50 states. Standard & Poor’s rating services downgraded Illinois’ credit rating last week to A-, with a negative outlook. State Treasurer Dan Rutherford, who blamed the negative rating on inaction on the public pension system by Gov. Pat Quinn and the General Assembly, said Illinois is headed for "fiscal disaster." He said the lower rating will force the state to fork over more money on interest payments. This will affect state universities, road construction and other public institutions because more will go to interest than principal as these projects are paid for. “If you went out to borrow $500 because you have such bad credit, it will cost $95 more in interest than better-rated states…
Saturday, January 19, 2013
State government grows in the dark, like a fungus. • Bill Daley has an idea to take the party out of state elections. • Time magazine mourns for Illinois.
When Gov. Pat Quinn took office in 2009, he promised to take aim at state boards and commissions stocked with politically connected folks drawing large salaries with little oversight into their activities. He would pare down those panels and save you money. Better Government Association investigative reporter Barbara Rose this month looked into whether Quinn delivered: "... more than three years into Quinn’s watch little has changed, except the number of such units is growing. As troubling, many don’t comply with the Illinois Open Meetings Act, according to a report last year by state Auditor General William Holland." In fact, the governor's office is having a hard time keeping up with it all. "With over 322 boards and commissions, …
Saturday, December 15, 2012
The representatives and senators leaving office in January 2013 will see millions of dollars in pension payments, figures far more sizable than they would've seen in the private sector.
Are you worried about your own retirement? With the downturn in the economy, did your 401k and savings take a big hit? If so, you're like millions of other Americans forced to confront a dramatically different outlook for their post-work years. But one group of pensioners is largely insulated from such concerns — outgoing Illinois lawmakers. The retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs, reports Scott Reeder of the Reeder Report, using data from an Illinois Policy Institute analysis in a piece published on Watchdog.org. The anticipated pension benefits of the 34 lawmakers who will depart the state legislature in January show these …
Saturday, November 24, 2012
Jim Edgar tells Reboot Illinois that tax hikes, program cuts and leadership are desperately needed in Springfield. And Pat Quinn brings you Squeezy the Python.
With Democrats now holding a supermajority in the Illinois House and Senate as well as the governor's office, one might suppose a Democratic agenda would be a slam dunk in Springfield. As recent years have shown, however, single-party control doesn't guarantee the wheels of government grind smoothly. And former Gov. Jim Edgar, who served from 1991 to 1999, suggests that probably won't change anytime soon. In a wide-ranging interview with the new website Reboot Illinois, Edgar says Springfield is less dysfunctional when the two parties share power. "More times than not I think split government works pretty well. The reason is to make the tough decisions you need both parties. It’s hard to get one party to put up all the votes and take all …
Saturday, October 27, 2012
Pension-related amendment to state constitution on Nov. 6 ballot is confusing, catastrophic and fake reform, say foes and legal experts. What you need to know before you vote.
- ELECTIONS
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Saturday, October 27, 2012
By Jayette Bolinski, Illinois Watchdog SPRINGFIELD — Opposition to a proposed pension-related constitutional amendment that will go before Illinois voters Nov. 6 is creating strange bedfellows — from public employee unions to good-government groups that agree the question is not worthy of a change to the state’s constitution and does nothing to address the pension crisis. Groups opposed to the amendment are numerous and come from all walks of life. It’s no surprise that public-employee unions are opposed to the amendment, which requires a three-fifths majority vote before any public body can approve a pension benefit increase. Good-government groups, such as the Center for Tax and Budget Accountability and the Illinois Policy Institute, …
Sunday, August 26, 2012
Illinois Republicans are trying to tell voters that a vote for any Democrat this fall is a vote for House Speaker Michael Madigan.
Could this be the election year in which the GOP's portrayal of Mike Madigan as the corrupt manipulator of Democratic state reps — mere marionettes who dance on strings — actually pays off? The Southwest Side power broker is again the target of a Republican bid to tie him to the candidacies of every House Democrat in the November election, according to a report from IllinoisWatchdog.org. A recent $100,000 union donation to Madigan and the House's failure to act on pension reform in the General Assembly is being cited as evidence of a suspicious scratching of the back on the Speaker's part. David Yepsen, director of the Paul Simon Public Policy Institute at Southern Illinois University-Carbondale, offered this take to a reporter for …
Friday, August 17, 2012
Wondering what will be talked about in Friday's special session? Pension reform is certainly on the docket, but the extent of discussion and whether any formal voting will take place remains unclear.
Members of Illinois’ General Assembly seem to agree on one aspect of what’s expected at Friday’s special session in Springfield called by Gov. Pat Quinn. Rep. Derrick Smith (D-Chicago) will face expulsion by the Illinois House in a vote, after he was accused of taking a $7,000 bribe from a campaign worker in a sting operation. But throngs of state employees, including teachers, are now down in Springfield protesting different aspects of pension reform, not Smith’s likely removal from office. Quinn called a special session of the general assembly for Friday under claims to fix the pension problems facing the state, now totaling about $83 billion in unfunded liabilities among the various state employees. Local legislators, as the date …
Wednesday, August 8, 2012
The Illinois General Assembly will meet Aug. 17 to discuss the state's massive unfunded pension liability, as well as a controversial plan to shift the cost of teacher pensions to local school districts.
Illinois Gov. Pat Quinn called last week for a special session of the General Assembly to tackle pension reform. The Illinois House was already going to be back in Springfield during the session's scheduled time—Aug. 17— to decide the fate of indicted Rep. Derrick Smith (D-Chicago), the Chicago Tribune reports. But the governor's pension call means the Senate must also convene. Quinn made the announcement during a speech July 30 at the City Club of Chicago, calling on lawmakers to deal with "comprehensive" reforms that address the state's $83 billion unfunded pension liability. The state legislature failed to reach an agreement on pension reform during its regular spring session in May, despite last-minute efforts to strike a deal. Quinn …
Tuesday, June 5, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened last week.
- GOVERNMENT
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Tuesday, June 5, 2012
The Illinois General Assembly passed a budget — almost on time — Thursday, with the Senate ending about 1:30 a.m. Friday. The budget spends $33.7 billion for the 2013 general fund — the result of months of negotiations, hearings and a dizzying array of spending and appropriations bills with last-minute amendments upon amendments. The budget, made up of several bills in the House and Senate, includes $6.5 billion for K-12 education, $1.9 billion for higher education, $5 billion for health and human services, and $1.6 billion for public safety. In a testament to how Springfield does math, Democrats say the budget represents a spending reduction; Republicans say the opposite. “Two years in a row, spending is going up,” said Sen. Matt Murphy, …
David
7:31 pm on Saturday, May 4, 2013
Mr.Reality - I don't think any public worker should get a pension. Let them have SS and defined contribution plans, and the state can match the first 3% like private companies do. more ›