Senate passes funeral home bill — GOP denounces it as gift to union – Chicago Sun-Times

http://www.suntimes.com/news/metro/23606863-418/senate-passes-funeral-home-bill-gop-denounces-it-as-gift-to-union.html “This is a shameless attempt by the Teamsters Local 727 — essentially a single family-run business — to commandeer the legislative process for leverage in both an isolated labor dispute and a federal lawsuit [in 2011] against Teamster leadership alleging violations of federal racketeering laws” in the handling of union benefits funds, said Larry Michael, managing director of SCI Illinois Services Inc.

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Chicago Business Leader Survey Shows Improved Confidence, Support for Term Limits and Rauner for Governor

Cole Taylor Business Owners Confidence Index shows sales, growth plans steady. 82% back term limits for Illinois elected officials; continued support for reductions in public worker pensions as best solution to pension crisis. Bruce Rauner leads for governor but most are undecided. via Local Business Leaders See U.S., Chicago Economic Prospects Brightening; Offer Perspectives on Term Limits and Pension Crisis – Yahoo Finance.

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More evidence big taxpayers are fleeing Illinois – WP Original

November 7, 2013 By: Mark Glennon Spend some time collecting signatures on petitions in high income areas like Kenilworth, Lake Forest or Winnetka to put candidates on the ballot for Illinois elections and you’ll too often hear something like this: “Sorry, I’ve changed my residence out of state,” or “I vote in Florida now.” Still more people joke about it, saying they intend to change their legal residence soon. I’ve heard it myself collecting signatures in those places and repeatedly from volunteers working with me on a petition drive. For the very wealthy — folks with second or third homes

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Illinois House passes pension fix for Chicago park district – Chicago Sun-Times

“Chicago Park District’s $971 million pension shortfall that threatens 6,100 existing park employees or retirees…. Current employees would be asked to contribute up to 2 percent more out of their paychecks by 2019 while the park district would up its contributions to the system by $75 million during that period. Always remember: today’s “unfunded pension liabilit” = tomorrow’s tax, except insofar as employees are asked to contribute more. That $75 million will have to be raised from Chicago taxpayers. via House passes pension fix for park district – Chicago Sun-Times.

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No degree, no address, nine names and a key job in state anti-fraud enforcement – Crain’s

http://www.chicagobusiness.com/article/20131107/BLOGS02/131109867/no-degree-no-address-nine-names-and-one-great-state-job?r=8332E8774912D3C “A woman who until recently was the No. 2 official in an Illinois government unit that regulates the securities industry lied about her academic background, used multiple names on government records and listed a home address that turned out to be a UPS storefront, according to an internal state investigation.” “The woman also billed the state for work as a home-health aide for hundreds of days when she was supposed to be working as the $75,000-a-year deputy director of Illinois Secretary of State Jesse White’s Department of Securities, the investigation finds.” The little known Securities Department of the Illinois

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Illinois Pension Said to Shop $500 Million in Fund Stakes – Bloomberg

http://www.bloomberg.com/news/2013-11-06/illinois-pension-said-to-shop-500-million-in-fund-stakes.html Illinois teachers’ pension selling a large chunk of illiquid private equity holdings. The fund is essentially bleeding out: Neither contributions coming in nor earnings on its assets are enough to meet promises made to pensioners.

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