For the uninitiated, the Thomson facility has been a sore spot in Illinois criminal justice policy since 2001. Costing Illinoisans hundreds of millions of dollars start-up costs, the facility has remained dormant ever since.
Quinn failed to rein in patronage abuses at the state transportation agency after replacing now-imprisoned Rod Blagojevich, and Quinn's directors repeatedly hired politically connected workers in violation of the rules, the state's top ethics investigator found.
Attorney General Lisa Madigan today announced a $300 million settlement with Bank of America over of the bank’s misconduct regarding risky mortgage-backed securities: $200 million to fully recover for losses incurred by Illinois’ pension systems and $100 million in consumer relief.
According to Citizens Utility Board, a Chicago-based consumer watchdog group, the Illinois Commerce Commission has received more than 100 complaints about N.Y. based Major Energy, and some claim the company misrepresented the rates they’d be paying.
According to a Federal audit released yesterday, Illinois Medicaid routinely over-estimated the money it needed from the Federal government.
According to a federal audit released Aug. 18, Illinois’ Medicaid program routinely over-estimated the amount of funds it needed from federal coffers - See more at: http://www.illinoispolicy.org/audit-of-illinois-medicaid-program-reveals-gross-mismanagement/#sthash.MWdHkkvB.dpuf
Gov. Pat Quinn signed into law a bill that gives local government bodies the power to vote themselves out of business. House Bill 5785 gives local boards the ability to either consolidate, annex or dissolve following a majority vote of that entity's board.
The U.S. 7th Circuit Court of Appeals reinstated a lawsuit by riverboat casinos. The suit alleges that racetrack owners bribed Blagojevich to push through legislation that transferred 3 percent of casino revenue to the racetracks.
Chicago’s pension reform bill originally called for an increase in property taxes to help fund the Municipal Employees’ Annuity and the Laborers’ and Retirement Board Employees’ Annuity Benefit Funds. In response to lack of support for the property tax provision of the bill, it was revised to remove the property tax language and the city had to find an alternative source of revenue.
Federal railroad officials got an earful Wednesday from the mayors of several Chicago area towns that have been affected by a growing number of increasingly long trains hauling crude oil and other volatile materials.
Emanuel swept into the Chicago mayor's office with support from across the city and a threat to tackle Chicago's many problems with the same ferocity that made him feared in national politics. Along the way, he's ticked off enough people to expect a serious challenge when he seeks a second term early next year.
Emanuel’s two-year-old plan to close six of the city’s 12 mental health clinics came under withering attack Tuesday, with advocates accusing the mayor of throwing Chicago’s most vulnerable residents to the wolves.
Among Chicago-area counties, only Kane and Will counties showed a higher share of investor purchases than in 2013’s second quarter. In Cook County, activity by institutional investors plummeted to only 4.4 percent of sales, compared with 9.4 percent during the first quarter and 9.6 percent during 2013’s second quarter.
Several local companies draw on Chicago's strengths in electronics design and manufacturing, wireless communications and mapping that position the city well for a key role in the development of the self-driving car.
Contractors facing scrutiny in an ongoing federal investigation of Concept Schools have been paid nearly $1 million over the past three years for work at three Chicago Public Schools-funded campuses run by the Des Plaines-based charter operator, records show.
Author Tia Goss Sawhney is a qualified health insurance actuary employed by the Illinois Department of Healthcare and Family Services. As such, she is an active participant in the State Employees’ Retirement System (SERS), another highly underfunded Illinois plan.
The solvency of the state and many of its cities, and their capacity to fund schools and other essential services, will depend heavily on arcane accounting assumptions set by pension trustees and pols choosing to ignore professionally established accounting principles.