Pension pain not limited to Chicago – Sun-Times

“Chicago isn’t the only government with a looming pension crisis. Numbers compiled by the Cook County Treasurer’s office and secreted my way show about a quarter of the government entities under the county umbrella have more retirees than they do employees.” Comment: The author, Shia Kapos, evidently isn’t a Wirepoints reader if she finds this to be news.

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Witching hour fast approaching for 10,000 city retirees – Sun-Times

The controversial move is aimed at saving Chicago taxpayers $107 million in annual costs that would have ballooned to $307 million by 2018 and $541 million by 2023 if left unchecked, a mayoral commission had warned. But it means that roughly 10,000 city employees who started working for the city before April 1, 1986, and do not qualify for Medicare will be on their own to search for coverage that will be difficult or too expensive to find.

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Ominous Decline in State of Illinois Revenue Continued in November – WP Original

  By: Mark Glennon*   Total revenue for Illinois continued to decline in November. That’s based on comparison of both this November to last November and this fiscal year through November to last year.   That bad news is in the monthly briefing from COGFA, Illinois’ Commission on Governmental Forecasting and Accountability. “Last month’s briefing mentioned concern with FY 2017 revenue performance—that concern continues to grow,” says COGFA.   For this November, the bright spot was an increase in personal income tax revenue, which exceeded last November’s by $75 million. However, that improvement was offset by declines in revenue from

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NBC5 Chicago Spins Saturday Night Live as Real News – WP Original

  By: Mark Glennon*   The top listed story on the “News” section at NBC5 Chicago’s site right now is headlined, Even During a Security Briefing, SNL’s Trump Would Rather Be Tweeting. The same story is in their “Entertainment” section. What’s the difference if you want to conflate the two?   According to the story (not the sketch but the story), “a theory that has taken hold” that the sketch is accurate — that Trump tweets to “distract the media from his business conflicts — and all the scary people in his cabinet.” No discussion of support is offered for

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Taxpayers paying for UNO schools — again – Sun-Times

The bitter divorce between the once-powerful United Neighborhood Organization and the vast, government-funded charter-school network it created has been settled — at a cost to taxpayers of $4.5 million, according to records obtained by the Chicago Sun-Times.

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Illinois tax burden among highest, but not in Top 5 in U.S. – PolitiFact Illinois

Comment: These fact-checkers have their own methodologies and biases that may or may not be right. Seems to us that taxpayers are smart enough to be looking at this on a broader, all-in basis not used here. That is, they also look at tax bills just stuck in a government drawer somewhere which will come later, such as pension and other debt. And they look at what they are getting in exchange for what they are paying.

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Illinois Sees The Light — Retains Nuclear Power – Forbes

In a nail-biter more reminiscent of overtime at the Super Bowl, the Illinois State Legislature passed The Future Energy Jobs Bill (SB 2814) with less than an hour remaining in the legislative session. The bi-partisan bill allows Exelon’s Clinton and Quad Cities nuclear power plants to remain open, saving 4,200 jobs and over 22 billion kWhs of carbon-free power each year, more than all of the state’s renewables combined. Comment: Take your pick among the different opinions on this. Impossible for us to tell.

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Illinois House lacks votes to override Chicago school veto – Associated Press

A spokesman for House Speaker Michael Madigan says Democrats did not have enough votes to override a veto from Republican Gov. Bruce Rauner that eliminates $215 million in aid for Chicago Public Schools’ pension payments. Senate Democrats used their supermajority Thursday to override the governor shortly after the veto but the House did not vote on the matter before adjourning for the year. Madigan spokesman Steve Brown says the assessment was they “would not be able to override.”

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