Day: September 9, 2015

Illinois’ Forgotten, Monstrous Healthcare Liability to Public Pensioners – WP Original

September 9, 2015 7 Comments

  By: Mark Glennon*   It still hasn’t sunk in. Our state pension crisis is nearly always quantified by the press as a “$111 billion unfunded liability.”   What’s most conspicuously overlooked is that, thanks to the Illinois Supreme Court’s decision in the Kanerva case last year, lifetime healthcare is also a constitutionally protected benefit for Illinois pensioners that can’t be diminished or impaired. That liability is entirely unfunded. It’s a pay-as-you-go system. Taxpayers many decades from now will pay for healthcare for today’s workers.  Healthcare increases the unfunded liability by $56 billion — over 50% — making the true

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Secret subsidy to unions revealed – Illinois News Network

September 9, 2015 No Comments

Forty of the responding counties said they allow for release time but of these only one, Peoria, attempts to track it. And 34 of the responding counties say they do not allow for release time. The remaining 28 counties did not comply with Illinois law and provide the requested information to INN despite being contacted multiple times.

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COGFA Monthly Report for August

September 9, 2015 No Comments

Highlights from the Illinois Commission on Government Forecasting and Accountability: State revenue remains down substantially compared to last year due to expiration of the temporary income tax. The civilian labor force in Illinois shrunk 0.3% compared to this time last year.

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