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Pension costs consume more than 25% of Illinois’ budget annually, but have historically grown faster than official projections and are on track to grow to nearly 30% of the budget by the end of the decade.
The rampant teacher shortage in New Mexico and elsewhere comes as no surprise given how little respect has been shown the profession the past two decades
If you’ve been following Illinois budgets for some time, it’s déjà vu all over again. An unbalanced budget. No reforms. More spending. And of course, more tax hikes.
Michigan Rep. Thomas Albert, R-Lowell, is imploring state administrators to use better assumptions when determining how much they are going to put into the school employee retirement system.
Since that vote, Serrano has made a series of bogus complaints against me. When he tells you that city, county and state officials have failed to act on these complaints, what he means is that neutral legal experts declared them groundless.
If they believe it can't happen here, just wait for the 2020 census and subsequent reapportionment. Illinois, New York, and even California are on track to lose congressional seats, a first for California.
East St. Louis fire and police pension board members will give the city another chance to keep their pension funds current before deciding whether or not to pursue another revenue intercept by the Illinois Comptroller’s office.
Memphis has a sobering fiscal outlook for the coming year with city officials warning the Memphis City Council of "high-level revenue pressures," and saying that most of the modest growth in city revenue has already been swallowed up its pension fund.
Local city leaders are concerned with the way a retooled pension system will affect their ability to govern. The mayors of Covington, Erlanger and Independence met with state lawmakers last week to discuss a bill passed by former Kentucky Gov. Matt Bevin.