Illinois

Minimum Wage Hike
9:35 am
Wed July 9, 2014

Assessing The Minimum Wage Landscape

Originally published on Wed July 9, 2014 5:04 am

Despite Democratic majorities and a push from the governor, Illinois' legislative session adjourned without a bump in the minimum wage.

Lawmakers settled for putting a non-binding question on the November ballot asking if that's something voters want.

Part of the problem was that legislators from downstate -- from both parties -- were against a hike.

Andrew Biggs says it doesn't make sense to make sense to have a national, or even statewide, minimum wage. Biggs is a scholar with the American Enterprise Institute, a D.C. think tank that leans toward free enterprise.

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Illinois' Economy
10:19 am
Thu July 3, 2014

"Poaching" Not In Blueprint For Illinois Job Growth

Originally published on Wed July 2, 2014 5:37 am

Illinois' economy was slow to feel the effects of the Great Recession, and has been slow to recover from it. The state's Department of Commerce and Economic Opportunity is submitting a five-year plan to the General Assembly, with suggestions for business growth and more state spending.

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U.S. Supreme Court Ruling
8:58 am
Tue July 1, 2014

Supreme Court Limits Power Of Illinois Home Care Worker Unions

Originally published on Tue July 1, 2014 6:32 am

An Illinois home care worker argued that being forced to pay union fees violates her first amendment rights.

The U.S. Supreme Court has taken her side.

But it limited its decision to non-traditional public employees-- like home care workers, who are paid by the state but hired and fired by the people they care for.

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Pensions
6:43 am
Thu June 26, 2014

Teacher Pension Fund Lowers Expected Investment Return; State's Obligation To Grow

Originally published on Wed June 25, 2014 11:03 am

  The Illinois Teachers' Retirement System says it expects a lower return on its pension investments in the next year. That means the state will have to cover more of the cost of teacher pensions.

TRS says it's still a good assumed rate of investment return at 7.5 percent. That falls in line with similar pension systems nationwide. But it's not as profitable as 8-percent, which TRS had been using for the previous few years.

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Unemployment
9:58 am
Fri June 20, 2014

Mixed News For Illinois' Jobs Picture

Originally published on Fri June 20, 2014 6:14 am

Illinois' jobless rate is now at 7.5 percent. It's the third consecutive monthly decrease. And it's at its lowest level since 2008.

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