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Illinois pension math doesn’t add up, funds take in less than they pay out
By Benjamin Yount | Illinois Watchdog
SPRINGFIELD – The latest report on Illinois’ worst-in-the-nation pension systems shows not only huge losses in value, but a fundamental imbalance that is bankrupting the state.
Illinois’ five pension systems are all paying out more than they are taking in, and each saw their investments tank last year.
But the reports from [...]
Outside campaign donor groups targeted by reformers in Illinois
By Benjamin Yount | Illinois Watchdog
CHICAGO – Illinois cannot stop outside political spending, but reformers in the state are hoping they can at least force some honesty in time for the next election.
Illinois’ Campaign Finance Reform Task Force heard from an alphabet soup of reform groups Thursday as the state prepares a between-election report on [...]
IL: Prosecutor dodges ethics bullet by losing three-way race
By Benjamin Yount | Illinois Watchdog
SPRINGFIELD — Lorinda Lamken did not commit an ethical violation because she lost to a non-incumbent in the race for Christian County State’s Attorney, her bosses at the Illinois State’s Attorneys Appellate Prosecutors office say.
In a report issued Jan. 1o, the Illinois Auditor General said Lamken was close to crossing an ethical [...]
Illinois film tax credit more about union jobs than movies
SPRINGFIELD — Illinois is making a big deal about the state’s film tax credit bringing another Hollywood production to Chicago.
But one movie industry insider says Illinois’ film tax credit actually might prevent more movies and TV shows from being shot on the lakefront.
Read More →Harmon: No chest banging over Illinois union shrinkage plan
By Benjamin Yount | Illinois Watchdog
SPRINGFIELD — Illinois Gov. Pat Quinn will get to trim the size of the state’s public union workforce in his administration, but not by as much as he had hoped.
State Sen. Don Harmon, D-Oak Park, quietly removed his legislative hold on legislation that would have allowed Quinn to strip union [...]
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