Fund Consolidation for Pension Relief

Fund Consolidation for Pension Relief

We all know that Illinois has a huge public pension problem. It is nearing a point of becoming an unfixable one. One of the biggest ones in the country as a matter of fact and little has been done by our government to try and remedy the situation. But, finally,...
Asset Transfers for Pension Relief

Asset Transfers for Pension Relief

Prior to Governor Pritzker’s budget proposal, he appointed two task forces to take a closer look at some potential solutions to Illinois’ pension underfunding problem. Or underfunding catastrophe. One of these task forces is looking into the benefits of consolidating...
Governor Pritzker’s Budget Breakdown

Governor Pritzker’s Budget Breakdown

In 2020 Illinois will likely experience changes that will profoundly alter how the state operates for years to come. When Gov. J.B. Pritzker came into office, he inherited a $2.8 billion budget deficit. That deficit is expected to rise to $3.4 billion in just a few...