State Republican leaders unveiled a $1.3 billion spending plan Thursday that they say will be a “lifeline” for social services and other programs that have struggled financially in the ongoing budget impasse.
Measure Called a 'Lifeline' for Social Services
Last week, the Illinois Supreme Court dealt Mayor Rahm Emanuel a huge blow, overturning reforms to two pension funds for city workers. The city argued reforms guaranteed previously unsecured retiree benefits, but the state’s high court wasn’t having it.
The Illinois Supreme Court dealt Mayor Rahm Emanuel a major setback Thursday in his efforts of saving two of the city’s four public employee pension funds, which city officials say could go broke within the next 15 years.
Mayor says he's 'ready to work' with Rauner on workers' comp reform
Gov. Bruce Rauner on Thursday said his administration would be willing to help Chicago Public Schools and the city’s pensions, provided the city helps Rauner give local municipalities the ability to limit collective bargaining with public employees. On Chicago Tonight Mayor Rahm Emanuel responds to Rauner’s challenge.
A Cook County judge ruled Friday that Chicago's plan to change city workers’ pensions was unconstitutional. The city vows to appeal the decision. We look at the ruling, whether any pension reform can be constitutional, what the consequences are to the city's plummeting bond rating, and whether the city will have to raise taxes to cover the pension liability.
Mayor Emanuel and the city of Chicago are back to square one in efforts to resolve the funding crisis for two of the city's four pension funds, likely exacerbating the city's ongoing fiscal problems.
The Democratic-led Illinois Senate on Wednesday passed the temporary one-month budget by a vote of 39-0 (with 15 voting present) that the House passed last week, but can they override Gov. Bruce Rauner's veto? Amanda Vinicky joins us tonight with the latest updates from Springfield.
The City of Chicago will have to wait two more weeks before a judge's ruling on whether pension legislation supported by Mayor Rahm Emanuel is constitutional. Lawyers representing city workers, as well as the city and the employee pension funds made their cases to Cook County Circuit Court Judge Rita Novak Thursday morning. Novak said she will issue a ruling on Friday, July 24.
Is Gov. Bruce Rauner's newest pension proposal constitutional? How will it impact city and state employees? John Tillman, CEO of the Illinois Policy Institute, and Ralph Martire, executive director for the Center for Tax and Budget Accountability, analyze the plan.
We speak with Mayor Rahm Emanuel about the Illinois Supreme Court ruling that found the 2013 pension reform law unconstitutional. What does that mean for Chicago’s pension reform? We’ll also ask him about the downgrading of the city’s credit rating to junk status and Obama Presidential Library coming to the South Side of Chicago.
On Friday, May 8, the Illinois Supreme Court found the state’s 2013 pension reform law unconstitutional, affirming the ruling made six months earlier by a lower court. In its ruling, the Supreme Court said “crisis is not an excuse to abandon the rule of the law.” We discuss the decision with a panel of lawmakers.
Cook County Board President Toni Preckwinkle will discuss what last week's Illinois Supreme Court ruling means for her plan to change the county's pension system.
The Illinois Supreme Court overturned the state’s 2013 pension reform law. Chicago Tonight hosts a special 30-minute edition on the ruling.
The Illinois Supreme Court has struck down the state's landmark 2013 pension reform law, upholding a lower court ruling that it violated the state constitution. In the ruling, the court rejected the state's defense that its contractual obligations were not absolute, because it reserved "emergency powers" in a time of crisis.