A bipartisan committee of lawmakers has approved a plan to deal with Illinois' $100 billion pension problem. The measure now moves to the House and Senate for consideration.
The Associated Press confirmed with six members of the 10-member panel that they had signed the measure Monday after arriving in Springfield for a special session. Leaders announced the plan last week. It comes nearly five months after a special committee was formed to tackle the problem.
U.S. Sen. Mark Kirk says a pension-reform deal under consideration in Springfield ``falls short of finding the savings needed to solve Illinois' fiscal crisis.''
The Republican senator issued his statement Monday morning. The deal that legislative leaders announced last week could go to a vote in the Illinois General Assembly as early as Tuesday. Kirk says state lawmakers shouldn't pass a bill that he says lawmakers and voters haven't had time to read.
Details are out on what the leaders of Illinois' General Assembly want to do to the state's retirement systems. They've released an outline of their deal.
After years of debate about what to do about the $100 billion dollars of unfunded liability Illinois has racked up for its pension systems, legislative leaders announced on Wednesday they had agreed to a deal. But they were tight-lipped about what all it involved.
That information has now been spelled out in a one-page overview, a memo passed out to members of the House and Senate.
Earlier this week, legislative leaders announced a deal to bring a pension overhaul before the full chambers. It is estimated to save $160 billion over the next 30 years. Illinois has the nation's most underfunded retirement systems.
On Friday, the leaders' staff sent around the memo below that highlights changes for public employee pensions. Lawmakers are expected in Springfield to vote on legislation Tuesday, December 3. Employee unions have already indicated opposition and if it passes, a legal challenge is likely.
House Speaker Michael Madigan talked to reporters about pensions during the end of the spring legislative session; he and Senate President John Cullerton were at odds then over how to deal with the state's underfunded retirement systems.
The leaders of Illinois' General Assembly have reached a deal on pensions. But now they have to persuade legislators to go along with it. The House and Senate will meet in Springfield Tuesday (12/3) to debate the measure.
It's the first time the four leaders of the House and Senate have come together on a plan dealing with the state's pensions, which are the worst-funded in the nation. Details are forthcoming, but House Speaker Michael Madigan came out of a meeting in Chicago saying it will save $160 billion.
Two Chicago women have become the first couple to take their vows under the new same-sex marriage law in Illinois. Patricia Ewert and Vernita Gray married in a private ceremony Wednesday, just days after a judge agreed to expedite their wedding because of Gray's terminal illness.
House Speaker Michael Madigan says the vote on a pension deal will be ``very difficult'' when lawmakers gather for a special session next week. Madigan spoke to reporters Wednesday after legislative leaders said they agreed on a proposal that will help solve Illinois' $100 billion pension crisis.
Seven candidates filed for governor earlier this week: four Republicans (Treasurer Dan Rutherford, whose lieutenant governor pick, Steve Kim, is pictured on the far left; Sen. Kirk Dillard, R-HInsdale, who is on the top right; Sen. Bill Brady, R-Bloomington, on the bottom right; and Bruce Rauner) and two Democrats, Gov. Pat Quinn and Tio Hardiman, of Chicago.
Gov. Pat Quinn has been surpassed as the nation's least-liked governor, according to a new poll by Public Policy Polling. Pennsylvania's Pennsylvania's Republican Gov., Tom Corbett, can now claim that title. But the new poll shows Quinn could still have a hard time holding on to his seat.
It was about this time last year, that numbers from Public Policy Polling showed Democrat Pat Quinn as the most unpopular governor in the country.
A Republican candidate for Illinois governor has contributed another $500,000 to his campaign. Winnetka venture capitalist Bruce Rauner has now pumped $1.25 million of his own money into the four-way GOP primary for the right to take on Democratic Gov. Pat Quinn in 2014.
Rauner filed petition signatures for a ballot position yesterday and also released three years of tax returns. They show he reported more than $53 million in income last year. He also disclosed ownership stakes in three professional sports franchises, including the Chicago Bulls.
Gov. Pat Quinn says next week is another opportunity to tackle the state's $100 billion pension crisis. Legislative leaders have been negotiating on a plan, which could come up next week if there's a special session in Springfield. House Speaker Michael Madigan has told representatives to be ready for a one-day session next Tuesday. The Senate has tentatively set some days aside next week.
However, details about the plan haven't been released publicly and legislative leaders say they're still hammering out issues.
Some candidates sent surrogates to file their petitions; others went themselves, including lieutenant governor candidate Steve Kim ( who is GOP Tres. Dan Rutherford's running mate) and Republican gubernatorial candidates Sen. Kirk Dillard of Hinsdale and Sen. Bill Brady of Bloomington.
Candidates looking to run in the March primary began filing their paperwork today (11/25) with the State Board of Elections. Anyone who was in line by 8 a.m. gets a chance at the top spot on the ballot. Six men who want to be Illinois' next governor made that deadline.
Campaigns waited in a long line, despite a forecast of snow, so that they could get their petitions in. Some candidates send staffers as surrogates, including Democratic incumbent Pat Quinn and one of his four Republican challengers, Bruce Rauner.
This week, same-sex marriage legislation signed into law, the prospects for resolving the state pension crisis in a December special session, and gubernatorial candidate Bruce Rauner's success in raising campaign funds.
Republican candidate for governor Bruce Rauner continues to rake in major contributions since he lifted Illinois' new campaign finance cap last week. While Rauner's opponents are freed from caps as well, he's the been the only one to get such major, and immediate, benefit.
State filings from yesterday (11/21) afternoon show Illinois' richest man, Ken Griffin, pitching in $250,000 to Rauner's campaign.
It's the second time this week Rauner received a donation worth a quarter of a million dollars.
Illinois unions are planning an intensive lobbying push in opposition to a developing plan to deal with the state's $100 billion pension crisis.
The ``We are One Coalition'' represents the state's major employee unions. The group sent an email to members about ``emergency call-in days'' next week and Dec. 2-3.
Members are being asked to call and visit lawmakers' offices and urge them to vote against pension bills that don't have union support. Legislative leaders are meeting Thursday to firm up a plan that could save close to $150 million over 30 years.
Minutes after Gov. Pat Quinn made gay marriage legal in Illinois, the Roman Catholic bishop of Springfield began a prayer service in response. Tuesday's service was formally called a prayer of “exorcism.” But the ceremony was more subdued than that dramatic word might suggest.
Illinois is now the 16th state to allow same-sex marriage. Gov. Pat Quinn signed a bill into law Wednesday in Chicago that makes the state the largest in the Midwest to legalize gay weddings. The law takes effect in June when county clerks can begin issuing marriage licenses to same-sex couples. Illinois allowed civil unions in 2011, but it was a bumpy road to same-sex marriage in President Barack Obama's home state.
The bank JPMorgan Chase will pay Illinois' pension funds $100 million under a national settlement announced Tuesday. The payment is a result of the bank's misconduct leading up to the Great Recession.
Like a lot of investors in the last decade, Illinois' pension funds had a good chunk of change in mortgage-backed securities. Once the housing market collapsed and homeowners began defaulting, the value of those securities collapsed, too.
(AP) A fire chief says a blaze in a building that houses an Illinois state lawmaker's southwestern Illinois office is considered suspicious.
Edwardsville Fire Chief Rick Welle says no injuries resulted from Monday night's fire that damaged Rep. Dwight Kay's office.
The building also included an insurance site, consulting agencies and counseling services. Welle said it's unclear if any of the offices was specifically targeted, but that investigators haven't ruled out arson.
Illinois State Police and the state fire marshal's office are investigating.
State officials say victims of yesterday's (Nov. 17) storms should take extra care in documenting their material losses. Illinois learned the hard way why that can be important.
About two years ago, seven people died in the tornadoes that rocked Harrisburg, in deep southern Illinois. And yet the state was denied a request for federal assistance. That meant home and business owners could not get federal loans, grants and other aide.
Illinois took another step Friday toward allowing hydraulic fracturing, or fracking. The state has published draft rules on the controversial oil and gas extraction process, and it's looking for comments from the public.
Back in the spring, lawmakers touted Illinois' fracking law as the toughest in the country. It was the product of long negotiations between environmentalists and business groups.
The director of the Illinois Department of Children and Family Services is to resign after a cancer diagnosis. Gov. Pat Quinn announced Friday afternoon that Richard Calica would leave the post. Calica's chief of staff
Denise Gonzales is to serve as the agency's acting director.
Calica has held the post since December 2011. He said in a statement that working for the agency has been ``the most exciting and rewarding time of my career in child welfare.''
The Roman Catholic Bishop of Springfield plans a special prayer service the day same-sex marriage is to be signed into law. He says it's "scandalous" that so many Catholic politicians supported the legislation.
Gov. Pat Quinn is planning a big public ceremony to sign the same-sex marriage bill next Wednesday (Nov. 20) in Chicago.
Although same-sex marriage will soon be law in Illinois, the issue could remain a factor in the 2014 elections.
For most Democrats — especially those in and around Chicago — same-sex marriage is a winning political issue with core voters.
It's a lot tricker for Republicans. A majority of conservatives are opposed to legal same-sex marriage, but in a Democratic-leaning state like Illinois, Republicans need to win votes from independents, too.