Republican Bruce Rauner and Democratic Governor Pat Quinn made their first joint appearance of the campaign when they took the stage Friday at an Illinois Education Association meeting in Chicago. More than 1,000 people were in attendance.
The two answered questions and also took political jabs at one another. IEA President Cinda Klickna moderated the question and answer session.
Illinois' primary election is less than two weeks away. The four men seeking the Republican nomination for governor agree on a lot of topics. But there is an issue in which one of the candidates has distinguished himself: government-employee unions. Brian Mackey takes us inside the debate over whether government workers ought to be able to negotiate over their jobs.
You don’t have to spend a lot of time listening to investor Bruce Rauner to know where he stands on public-sector unions. The disdain drips from a three word phrase he uses again and again and again:
As more baby-boomers retire, Illinois is increasingly missing out on a revenue source. Of the 41 states with an income tax, Illinois is one of only three that exempt all pension income.
A new report from the Chicago-based Civic Federation says Illinois needs to take a longer-term approach to budgeting; one that is rooted less in politics, and more in reality. Most notably. the group recommends Illinois extend its current income tax rate for a year before gradually rolling it back.
Illinois’ biggest and most indebted pension system is beginning to implement changes tied to the pension overhaul passed this month. But officials are also making plans in case the new law is struck down.
The Teachers Retirement System is by far the biggest of Illinois’ five pension systems, with well over 360,000 members. TRS is also the biggest factor in the pension funding problem, accounting for more than half of the combined $100 billion shortfall.