Pension Reform Bill Narrowly Passes in Illinois, Faces Court Battle Over Constitutionality
Would save the state $160 billion over 30 years
Would save the state $160 billion over 30 years
Judge says yes to Chapter 9 protection, as well as pension cuts
$100 Billion Shortfall
Unions already angry without knowing the details
Will dispute amount that fund claims it owes them
Decision expected in next few weeks
Two years after ordinance passed requiring them to pay more into plans
Could end up losing a new project in their area over it
Had previously said they were "sacrosanct"
It's spending more money than it's taking in
It's frequently not the Republicans fighting the unions for pension reform
Testifying at bankruptcy hearing
The bankrupt city plans to dump its former workers on the dysfunctional exchanges
Will state lawmakers heed the lesson of Stockton?
Two city council members embroiled in separate scandals on the same day. Meanwhile, voters deal with recalls and public pension representatives resist bankruptcy
Increasing investments in private equity and real estate to try to reach return benchmark
Tax increases worked so well for Detroit, right?
Eating up even more of the city's budget than it did before
Judge rules the school district cannot withhold fund from their budget
Future liabilities increase as funding levels drop
Unconstitutional actions to force legislators to deal with pension crisis
How much people received is not known because it was not disclosed
Watchdog group suing for access to records
Regardless of legal status in specific state
The loss of jobs and development is the symptom, not the disease
Reason-Rupe Poll shows a desire to make city workers more responsible for their own retirements
Reason-Rupe Poll shows a desire to make city workers more responsible for their own retirements
The public says Obama disappoints on transparency and that Congress passes too many laws. It's split on Snowden, trusts Facebook less than the IRS on privacy, and opposes a bailout for Detroit.
Promises are cheap. Keeping them won't be.
California could lose transportation funding due to federal regulations
The story of the failing city reaches chapter nine
Down 1 percentage point, though everybody thought it would go up
Which are probably underfunded
The Goldwater Institute intervenes to block the expensive practice
Legislators sued rather than overturning a veto that would've restored their pay
Object to emergency city manner calling them "dumb, lazy, happy and rich"
Promises can't create money for a broke city.
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