And tops for the whole nation in April. The top industries being healthcare, transportation and engineering, according to a new report.
Burke’s ordinance is what’s known in political circles as a fetcher bill. Last year, it spurred a lobbying bonanza at City Hall as the major industries on both sides of the issue spent tens of thousands of dollars on heavy-hitters to try to persuade aldermen and aides to Emanuel that they should prevail. Now that the measure is still alive, that lucrative lobbying work can continue.
Comment: Inadequate answers, actually.
By: Mark Glennon* If Chicago or another Illinois municipality let its pensions run dry, either willfully or not, would that municipality be obligated to pay the pensions’ obligations? ‘Yes’ has been the widely assumed answer, but it’s in fact an open question, and the answer has monumental implications. We were the only ones who saw the significance at the time, but buried in a few articles a couple weeks ago was mention that Chicago now claims it is not legally liable. On May 12, we wrote, as a comment on a link to a Chicago Tribune article, “This
Nailed it!
Great piece on that question re Chicago, but see our own story about the massive significance of the question for other municipalities as well.
Comment: Great summary of the harsh reality.
About time.
Cook County’s pension has only about half the funding it needs and its unfunded liability is growing by $1 million per day!
Comment: Among the points made by this actuary: “Guys, you really need to think through why pensions are pre-funded as opposed to pay-as-you-go. ” That’s what is so often overlooked. As we gradually slide towards our pensions becoming pay-as-you-go, they become far more expensive than properly funded pensions.
Two Democratic state senators have filed legislation that would automatically register Illinois residents to vote.
Modern landlines and wireless are the communications infrastructure that businesses need to compete and grow jobs, and private companies want to invest more in modern networks, at no cost to taxpayers.
On the heels of a sole-source purchasing scandal at Chicago Public Schools, Mayor Rahm Emanuel today moved to reform purchasing practices at CPS and sister city government agencies.
Amtrak rail service reductions that would follow proposed cuts in next year’s state budget will hurt businesses and impact students, Illinois university officials and mayors told a state Senate committee Tuesday.
Shifting costs to local school districts and universities seems inevitable. But that solution “is not at simple as moving the burden off of the state,” says the deputy executive director of the Illinois Association of School Boards.

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