A look at Chicago's financial crisis over schools
This segment covers the $634 million pension payment made in full by Chicago Public Schools on June 30, which put added pressure on District’s already …
Two weeks after a judge gave final approval to a settlement agreement that would end several years of litigation and…
This editorial discusses the $1.1 billion deficit Chicago Public Schools is facing and the decisions the District will need to make before the fall school year begins. It cites the Civic Federation’s…
This article covers the tough financial choices Chicago Public Schools is facing coming into the fall 2015 school year, including a $634 million pension payment. The Civic Federation discussed the District’s difficult options: severe…
In December 2010 the Illinois General Assembly passed and then Governor Quinn signed legislation (Public Act 96-1495) that created a new tier of pension…
This article discusses Mayor Emanuel’s plan to tackle a sharp increase in required payments to the City’s pension funds next year, based on a 2010 law aimed at bringing the City’s Police and Fire pension funds back to 90 percent funded by…
This article discusses the Illinois Supreme Court ruling that found a 2013 State of Illinois law reducing pension benefits for State employees and retirees…
This editorial followed the Illinois Supreme Court’s ruling against the constitutionality of a 2013 law that would have amended State retirees’ pension benefits to begin reducing the State’s $111 billion in pension debt. The editorial…
This article reviews the Illinois Supreme Court’s ruling against changes to pension benefits for State retirees and discusses a separate proposal for $2.2 billion in pension savings included in Governor Rauner’s FY2016 proposed budget. It…
This article relates the Illinois Supreme Court’s May 8 pension ruling that upheld benefits for State retirees to similar pension…