Monthly Archives: September 2012

A former lobbyist for a powerful teachers union is reaping a $100,000-a-year state pension thanks to wide-ranging retirement legislation sponsored nearly six years ago by her former boss, House Speaker Michael Madigan, and his legislative allies. The 2007 law let … Continue reading →

The Chicago Police Department was unable to locate a “significant volume” of evidence and property found or seized by its officers because the 2.2 million items are being inadequately protected, documented and stored, the city’s inspector general has found. During … Continue reading →

Standard & Poor’s Ratings Services on Wednesday downgraded Illinois’ credit rating by one notch to A from A-plus, citing the state’s large budget imbalance and an $83 billion unfunded pension liability. S&P analyst Robin Prunty put the pension issue front … Continue reading →