-- Connecting the dots between our economy, government and business --
A republication of our Wirepoints article.
A draft of the plan, obtained by The Washington Post, would direct the Treasury Department to spend up to $3 billion annually to subsidize payments for retirees from certain underfunded pensions. The retirement programs are called “multiemployer” pensions, as workers from multiple companies pay into the same retirement benefit program.
A North Shore family has gotten the OK to build a road to connect an isolated 1.1-acre wooded parcel on the Evanston-Wilmette border it wants to sell to developers who would build houses on it.
GOMB has released its five-year budget projections. The forecast, not surprisingly, is alarming. Despite last year’s 32 percent tax hike, GOMB expects Illinois to maintain average budget deficits of about $3 billion over the next five years.
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