The reporter's eye view of the apparent disagreement between lawmakers that killed a $215 million bill to bail out Chicago Public Schools' pension fund at the end of 2016 observed the growing acrimony in Springfield over the proposal, a journalist said during the aftermath.
The Illinois House will elect a new House speaker in January. While few discuss it, the primary candidate remains Mike Madigan (D-Chicago), who has held the position for 31 of his 45 years in the House.
Alerted to withheld information, the Illinois consumer group Edgar County Watchdogs recently publicized its continuing concerns regarding a 4-year-old conviction of two local policemen whom the investigative outfit believes may have allowed another to escape justice.
With Illinois' state pension liability 17 percent more than it was last year, the vice president of a Chicago-based think tank recently said that 401(k)-style plans for public employees would go a long way toward easing the pension crisis.
The Illinois House failed to garner the votes needed to overturn Gov. Bruce Rauner's veto of Senate Bill 250, which would have automatically registered Illinois residents to vote when they make government transactions, such as renewing a driver's license.
Illinois is in a pension debt crisis, according to a report from Illinois' Commission on Government Forecasting and Accountability (CGFA), which said the state is facing what could amount to $130 billion in unfunded pension liability, with only an estimated 37.6 percent of all pensions being funded.
Voting for state Rep. Mike Madigan to serve yet another term as House Speaker may be more difficult for Democrats this time, according to the screenwriter for a documentary about the Chicago Democrat.
Already struggling under a many-tiered fiscal burden, Illinois taxpayers are now confronting incontrovertible evidence of serious fiscal setbacks in their state as a new report this week revealed staggering amounts of pension debt and escalating red ink.
“If America is two countries, Illinois is two states,” the Peoria Journal Star said recently in an editorial, censuring House Speaker Michael Madigan (D-Chicago) and attributing the state’s “abysmal” financial status to continued ineptitude and duplicity in the General Assembly.