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Illinois delays bond issue following credit downgrade
SPRINGFIELD, Il. — Illinois slammed the brakes on a $500 million bond issue Wednesday after receiving a rating downgrade from S&P Rating Services on Friday.
Read More →Illinois punts on pension reform, again
By Benjamin Yount | Illinois Watchdog
SPRINGFIELD — In the end, Illinois got nothing.
Lawmakers, faced with a Wednesday deadline to pass some kind of pension reform, could not find support for an overhaul of benefits and payments. Nor did lawmakers even try to pass Gov. Pat Quinn proposal to have an unelected commission handle Illinois’ nearly [...]
Guns, gay marriage distract from pensions at IL lame duck session
What was supposed to be the time and place to act on Illinois’ massive pension debt has turned, instead, into two days of going gaga about gun control and gay marriage.
Read More →Lots of waiting, little working during Illinois lame-duck session
SPRINGFIELD — Should lawmakers turned out of office by voters in November continue voting on issues during a lame-duck session?
Lawmakers are scheduled to work for five full days before a new General Assembly is seated Jan. 9, but there’s only about one day’s work to do.
Read More →IL: Lame ducks make themselves millionaires, taxpayers pay
SPRINGFIELD – Not many people have part-time jobs that offer pension benefits, and fewer still receive ones as generous as those Illinois lawmakers provide themselves.
In fact, the retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs.
For example, state Rep. Skip Saviano, R-Elmwood Park, is [...]
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