CHICAGO-- Illinois took a giant step toward fixing its biggest financial problem Thursday by putting a sweeping pension reform on the books, but legislators' inaction on tax incentives aimed at keeping companies and creating new jobs has triggered fresh concerns about the state's business climate.
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-- Illinois House lawmakers are expected to gather in Springfield next week to approve a possible solution to the state's roughly $100 billion pension crisis. On Monday, House Speaker Michael Madigan's chief of staff emailed representatives, telling them to be at the Capitol on Tuesday, Dec. 3, at 11 a.m..
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.
CHICAGO, July 10- The fight over fixing Illinois' pension liability has come down to this: Unable to forge a plan to solve the state's $100 billion pension underfunding, the governor is suspending legislators' $68,000- a-year paychecks.
CHICAGO, July 10- The fight over fixing Illinois' big pension liability has come down to this: Unable to forge a plan to solve the state's $100 billion pension underfunding, the governor instead is suspending legislators' $68,000- a-year paychecks.
CHICAGO, July 3- An Illinois legislative committee charged with devising a compromise plan to rein in the state's huge unfunded public pension liability will not meet a July 9 deadline set by Governor Pat Quinn, the committee's chairman said on Wednesday.
CHICAGO, June 27- While a legislative committee reopened a debate on how to fix Illinois pensions, a panel of municipal analysts said on Thursday that the state paid "dearly" for its bond sale this week.
CHICAGO, June 26- The state of Illinois was forced to slash the price on $1.3 billion of bonds on Wednesday in order to entice investors to swallow the deal, the latest evidence of the penalty the market is inflicting on the state for its inability to resolve a long-running pension crisis.
CHICAGO, June 20- Illinois' finances sank deeper into the red in fiscal 2012, with the general revenue fund deficit hitting a record $9.1 billion as increased spending outran a jump in revenue, according to a report released on Thursday by the state auditor general.
WASHINGTON, June 19- Where have all the carpenters gone? "Right now I have framing material sitting on the job site with the foundation on the ground," said Stephen Paul, executive vice president at Mid-Atlantic Builders in Rockville, Maryland. "
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.