Category Archives: Illinois Budget

Sometimes You Have To Hold Your Nose And Vote “Yes”

On Monday, the House finally passed an education funding bill. The last time the legislature passed a funding bill was in 1997, and in those 20 years, the formula has been changed to the point where the original was barely … Continue reading

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OK, Mr. Speaker, the Ball’s in Your Court.

The Governor has issued an amendatory veto to Senate Bill 1, and the gnashing of teeth and rending of garments has begun. Chicago Mayor Emmanuel, who’s staring into an abyss not completely of his own making but which is now … Continue reading

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If Not SB 1, Then What?

As I said in my previous post, my problem with SB 1 is the fact that it provides for funding of the Chicago Public Schools’ (CPS) normal pension cost within the framework of a bill that’s supposed to focus on … Continue reading

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Frustrated? Call (217) 782-5350. Ask for Mike.

We have 19 days until the end of the legislative session, and how have we spent the month of May so far? We didn’t meet at all during the first week, and this past week was spent passing resolutions and … Continue reading

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The Albatross Around Illinois’ Neck

When talking about the pension problem in Illinois, everyone focuses on the $100 or so billion underfunding. But the problem is not just the underfunding, it’s the amount the state needs to contribute to the plans each year to move … Continue reading

Posted in Illinois Budget, Public Pensions | Tagged , , | 4 Comments