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Detroit says it can't afford to shave 10 years off the amortization schedule of its public safety pension obligations.
August 9 -
State Rep. Mark Batinick said he’s generally not a fan of red light cameras, but if they are going to be used, the fines should go to a source “that needs it and removes any motivation to simply use the cameras as a way to further tax the public.”
July 25 -
Most public pension funds are fragile not distressed, according to Equable.
July 21 -
Considering pension risks within the framework of municipal credit analysis is particularly important now, following a lengthy period in which the global economy experienced low interest rates and low inflation.
July 12Build America Mutual -
The budget package awaiting Gov. Gretchen Whitmer's signature leaves billions on the table, for now, with contentious negotiations looming over the shape of tax relief.
July 6 -
S&P Global Ratings says that without funding reform, New Jersey's pension system may continue to negatively impact the state's credit outlook for decades.
July 1 -
Cook County and the Illinois Municipal Retirement Fund reported improving pension health, while the unfunded liabilities of Chicago funds worsened in 2020.
June 7 -
Local police funds challenging the suburban and downstate police and firefighter pension fund consolidation appealed a court decision that upheld it.
June 3 -
Chicago's decades-long casino chase has moved closer to reality with Mayor Lori Lightfoot banking on the fiscal jackpot to help fund the city's pensions.
May 26 -
An Illinois judge upheld the constitutionality of the state's consolidation of downstate public safety pension funds; an appeal is expected.
May 26