Day: June 25, 2014

Oh, by the way, those troubled pensions now officially several times worse than you were told – WP Original

June 25, 2014 5 Comments

By: Mark Glennon*   Reality is on its way. This month marks the date of full implementation of new accounting rules that will dramatically worsen reported pension problems.   Public pension critics have been screaming for years about phony pension numbers based on bullshit assumptions. The accounting profession took matters into its own hands. Going forward it will require government pension accounting comparable to what’s expected in the private sector. Specifically, the Governmental Accounting Standards Board has new rules known as GASB 67 and 68 that require, most notably, more realistic assumptions about how much pensions can expect to earn

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Illinois’ Fastest Growing Cities – WBGZ

June 25, 2014 No Comments

  What are Illinois’ fastest-growing cities?  According to a ranking by Nerd Wallet Finance, Chicago Heights is #1, followed by Melrose Park, Champaign, Woodstock, Rolling Meadows, Berwyn, South Holland, Normal, Glen Ellyn and Des Plaines. http://www.altondailynews.com/news/details.cfm?clientid=17&id=132519#.U6rCybG8Scx

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Electric bills going up for some Chicagoans – Chicago Tribune

June 25, 2014 No Comments

Integrys customers will pay an extra $22.36 a month if they live in a house and $9.06 if they live in an apartment or condo. Those flat fees will be added to the regular charges that Integrys customers pay for monthly electricity use. http://my.chicagotribune.com/#section/-1/article/p2p-80632107/

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Illinois launches first clean-tech fund for start-ups – Crain’s Chicago Business

June 25, 2014 No Comments

Illinois is launching its first private investment fund exclusively for clean-tech startups.  It will be funded by $2.3 million from the Department of Commerce and Economic Opportunity, using federal money, and matched by private funds raised by the Clean Energy Trust. http://www.chicagobusiness.com/article/20140625/BLOGS11/140629903/illinois-launches-first-clean-tech-fund?X-IgnoreUserAgent=1

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