There's a reason analysts say Illinois has the nation's lowest credit rating. It has the nation's largest unfunded pension liability. A 2013 law that’s facing a challenge before the Illinois Supreme Court is intended to help.
Illinois is facing a budget hole in the billions, thanks to a rollback of the income tax. If the high court tosses out the pension law, there'll be more fiscal pressure.
Analysts like Moody's Ted Hampton say the rating won't likely drop further, even if the justices toss the law because the rating already presumes the law cannot be implemented.
The many years legislators spent crafting a measure to rein in the state's pension costs came to a head yesterday in 52-and-a-half minute hearing before the Illinois Supreme Court. It's now up to the seven justices whether a law that reduces employees' and retirees' benefits is constitutional.
Even before then-Gov. Pat Quinn signed the pension overhaul into law just over a year ago, everyone knew it would come to this.
A legal battle over union fees is brewing, between Illinois Republican governor and Democratic Attorney General.
Illinois' Attorney General says Gov. Bruce Rauner had no authority to bring a fight over union dues to federal court. She's trying to dismiss the case.
Republican Gov. Rauner is trying to get rid of so-called "fair share" dues on two fronts: he's ordered state agencies to stop collecting them, and he's suing in federal court to toss out the underlying state law that requires them.
A disease responsible for the deaths of millions of bats has spread in Illinois.
The white-nose syndrome gets its name from a fungus that grows on affected bats' noses. Scientists say infected bats often show odd behavior - like taking daytime flights - when they're supposed to be hibernating. It's suspected that depletes their fat reserves, and causes the bats to become emaciated, and eventually die.
Last month, Gov. Bruce Rauner unveiled his budget --- chock full of cuts to state programs. But now it's the legislature's turn to take a swipe at a state spending plan. Amanda Vinicky reports on a hearing, at which the governor's office had to testify before lawmakers about its own budget.
Some of the main architects of the Illinois law that seeks to save the state money by reducing workers' pensions have begun collecting pensions of their own. That includes the former governor and some people who recently left the legislature.
During his inauguration speech, Illinois House Speaker Michael Madigan announced a new mission -- figuring out what Illinois can do to prevent violence, like mass shootings at schools. A bipartisan task force formed to study the issue will meet for the first time today in Chicago.
Look back at the shootings at Sandy Hook Elementary School, Columbine, Northern Illinois University, and Rep. Greg Harris says you'll see commonalities. Like missed opportunities to help the killers with mental health issues that had been detected, but weren't properly treated.
Gov. Bruce Rauner's prescription for Illinois’ finances will finally be made known on Wednesday, when he gives his budget address. Legislators, state employees and social service agencies will no doubt pay close attention to what Rauner has to say. But after another big speech earlier this month made many go "gee," observers will also be listening for how he says it.
Gov. Bruce Rauneramped up his anti-union rhetoric Tuesday at a speech in Decatur, a city with deep labor roots. The Republican bemoaned prevailing wage requirements on public projects for costing the state extra, said Project Labor Agreements are synonymous with "uncompetitive bidding" and introduced a plan to create local right-to-work zones.