J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
City funds have been diverted to local pensions over alleged unpaid contributions.
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
Emanuel touts deficit shrinkage, but a still-whopping $28 billion hole awaits his successor next year.
State’s bond history and already badly funded pension shows little room for maneuver.
SB 1947 to provide relief for cash-strapped school districts as well as employee retirements.
The bond rating agency suggests positivity, despite rocky road ahead.
78% of retailers see risks associated with regulations tied to data privacy and security.
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
School district is required to pay pension fund $716 million by June 30.