CHICAGO, Jan 28- A coalition of public worker labor unions filed a lawsuit on Tuesday seeking to overturn a new Illinois law aimed at reducing a $100 billion unfunded pension liability. Illinois teachers, school administrators and retirees have already filed three class-action lawsuits in Sangamon and Cook County courts against the law.
WASHINGTON, Jan 21- The U.S. Supreme Court seemed unlikely on Tuesday to embrace a sweeping argument advanced by a group of Illinois state employees that paying mandatory union dues violates their free-speech rights.
CHICAGO, Jan 13- Illinois will sell $1 billion of general obligation bonds on Feb. 6 in its first tax-exempt debt deal since enacting reforms to its public pension system last month, a state official said on Monday.
CHICAGO, Dec 27- A group of teachers and public school officials filed a class-action lawsuit on Friday in state court seeking to void Illinois' new pension reform law on grounds the cuts to pension benefits violate the state constitution.
The lawsuit, filed in Cook County Circuit Court in Chicago, claims that changes to current and retired teacher pensions that were passed by the Illinois General Assembly and signed into law by Governor Pat Quinn earlier this month violate protections for public sector worker retirement benefits in the state constitution.
SAN FRANCISCO, Dec 5- Alaska Governor Sean Parnell will urge in his fiscal 2015 budget plan that the state tap $3 billion in one of its savings accounts to pay down a combined $11.9 billion unfunded liability in Alaska's two largest pension funds.
CHICAGO, Dec 3- The Illinois Senate on Tuesday passed a bill that would offer incentives for Archer Daniels Midland Co to keep its global headquarters in Illinois. ADM has been the dominant corporate presence in the central Illinois city of Decatur for 44 years.
SPRINGFIELD, Illinois, Dec 3- Illinois lawmakers on Tuesday passed a landmark pension reform bill, moving to address the state's crumbling finances in the face of strong public labor union opposition to the bill, which among other measures raises retirement ages.
CHICAGO, Oct 8- The would-be architects of a grand bargain to solve Illinois' $100 billion pension crisis have not met as a group for three months, and the state's last chance to strike a deal this year is slipping away. Credit agencies are threatening to cut Illinois' ratings, already the lowest of the 50 states, to BBB-plus, the level of Kazakhstan.
CHICAGO, Oct 4- Illinois Gov. The company has been the dominating corporate presence in the central Illinois city of Decatur for 44 years. Illinois finished its June 30 fiscal year with a deficit topping $6 billion, $9 billion in unpaid bills, and a worst-in-the-nation pension underfunding of $100 billion.
SACRAMENTO, Calif., Sept 20- California's first regulations on fracking and related oil production practices will go into effect next year in the most populous U.S. state under a bill signed into law on Friday by Democratic Governor Jerry Brown.
University of Illinois economist Richard Dye says solutions to problems like the state's backlog of bills and the Medicaid squeeze will be mentioned but not recommended. Illinois was among six states examined. Pat Quinn spokesman Abdon Pallasch says the July report highlighted problems the Illinois governor has fixed or proposed solutions for.
JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.
JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.
CHICAGO-- In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph Friday. Transportation Secretary Ray LaHood and Illinois Gov.
CHICAGO-- A for-profit nursing home company owned by a politically connected Chicago businessman is a partner in a project Illinois Gov. Pat Quinn announced Tuesday that aims to control health spending for high-cost Medicaid recipients.
"The IGB's staff has done a tremendous job to... bring this new industry to Illinois," board Chairman Aaron Jaffe said in a written statement. Jeff Glover, manager of Chino's Pizzeria in the Chicago suburb of Justice, said he'd just finished mopping when he saw the restaurant's three terminals activated around 11:30 a.m..