A recent paper on Illinois pensions found that teachers valued each $1 in marginal pension benefits at $0.20 suggesting that this could easily be done in a revenue neutral way that significantly increased the value of compensation to teachers.
A new study in Illinois shows agriculture is a critical component of Illinois' overall economic well-being, contributing about $120.9 billion of total economic output -- more than several other Illinois industries, including the financial, transportation and construction industries.
"We'll get it done," Rauner said after delivering a speech to business leaders in Chicago. "The critical thing … is that we don't raise taxes because of this and that we don't do borrowing because of this, we just reallocate."
Currently, Illinois licenses and identification cards do not meet minimum standards mandated by the Real ID Act. A major feature of Real ID is the verification of birth certificates, which Illinois currently does not require.
Northwestern University raised the most money through charitable donations of any college in Illinois during the 2014 academic fiscal year, and also was one of five U.S. institutions that reported receiving a single gift topping $100 million, according to the latest annual survey released by the Council for Aid to Education.
House Minority Leader Jim Durkin allowed himself wiggle room on a tax increase. Senate Minority Leader Christine Radogno, while critical of a tax increase and “mismanaged government”, also seemed to leave the door open to a tax hike.
“If we were anything but a state, our doors would be shuttered and our electricity would be turned off,” she said. “We have to change the way we do things. We can’t continue to operate at the level we’ve been.”
Illinois State Board of Education Chairman James Meeks and the State School Superintendent Christopher Koch emphasized in a letter to all district superintendents and school board chairmen that state and federal funding is dependent on their using PARCC assessments this spring.
Under legislation filed by State Sen. Righter, DHFS must enter into a contract with a third party vendor who would examine Illinois' Medicaid rolls to make sure Medicaid recipients on the list are eligible to receive benefits.
Last year, 296 towns imposed a sales tax on top of the state's 6.25 percent. And elected officials in 173 of those towns have the authority to raise sales tax rates without asking voters for permission ("home-rule" powers). There's no cap on local sales tax rates for home-rule towns.
Gov. Bruce Rauner's decision could affect how much you're paying for electricity. A current bill allows Ameren and Commonwealth Edison to continue asking customers to pay for upgrades to the electric grid.
Quincy could see its revenue reduced by 6 percent if a proposal by Gov. Bruce Rauner to cut the state's portion of shared income tax revenue with cities and counties is approved by the General Assembly.
The state has threatened to withhold federal funding and other money from districts that don't administer the PARCC test. In a worst-case scenario, the Chicago could lose as much as $1 billion in funding.
Chicago Board of Education members are expected to vote on a measure providing for up to $300 million in bonds for recent projects and about $400 million more to restructure existing loans. A spokesperson said said the district will use the $400 million worth of refinancing to lower its borrowing costs.
Lawsuits seeking to void a law aimed at shoring up the finances of two Chicago pension funds have been put on hold pending a ruling by the Illinois Supreme Court on a law affecting state public retirement funds, participants in the litigation said on Monday.