CPS cancels presentation to pension fund – Chicago Tribune

Without short-term borrowing or some other rapid cash delivery, officials said the district will fall far short of making the pension contribution.

At the same time, the state pension code doesn’t specify what course of action the fund could take in the event CPS doesn’t make the full payment.

CPS owes the fund roughly $716 million, though the district is expected to pay a little less than $470 million of that tab by the end of June.

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Another Illinois manufacturer leaves for Wisconsin – INN

Prestige Metals’ owner John Annessi made the call to move his business from northern Illinois to Wisconsin. The move was less than 10 miles. He says there are savings and the area offered business incentives, but it was more personal for him too, being a Kenosha-area native.

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House Democrats add their own demands to Illinois budget talks – INN

Democrats in the Illinois House on Tuesday attached their own list of demands to budget negotiations in Springfield. Top Madigan lieutenant state Rep Lou Lang, D-Skokie, said if Gov. Bruce Rauner continues to insist on workers’ compensation reforms and property tax freezes, they’re going to insist on a new business tax and an Obamacare guarantee.

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McCaleb: After Tuesday’s press conference, it’s back to the sidelines, or the dugout, for House Democrats – Opinion – INN

At a head-scratcher of a press conference Tuesday morning, Democratic leaders in the House – not the top leader, mind you – made clear that they’re ready to “roll up their sleeves” and get to work with Gov. Bruce Rauner on finding common ground on a budget and structural reforms that Rauner has insisted be a part of any deal.

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