via the International Business Times When officers of the Illinois teachers pension system opted to put more than $1 billion under the control of a single financial firm, Grosvenor Capital Management, they touted the arrangement as a step toward greater…
Read Morevia the New York Times CHICAGO — Illinois is facing one of the worst fiscal crises of any state in recent decades, largely because it has mismanaged its pension system. The shortfalls could potentially mean sharply higher taxes and cuts in…
Read MoreVia The Greenwich Time CHICAGO (AP) — Multimillionaire Bruce Rauner was one of the top donors in the U.S. to 2014 state-level political campaigns, sinking more of his own money into his successful bid for Illinois governor and other races…
Read MoreVia The Chicago Sun-Times In Illinois, this was the week of executive orders. Outgoing Gov. Pat Quinn signed a slew on his way out — some that drew immediate fire, including his attempt to make his successor reveal more of…
Read MoreVia The Daily Journal CHICAGO — Gov. Pat Quinn enters his final days in office with a last speech and special legislative session on the agenda, but it’s unclear whether fellow Democratic leaders will work with him on his proposal…
Read MoreVia The Chicago Tribune Democratic Gov. Pat Quinn on Friday appointed longtime aide Jerry Stermer to succeed the late Judy Baar Topinka as Illinois comptroller. Stermer will serve as the primary keeper of the state’s checkbook until Jan. 12, according…
Read MoreVia The Chicago Sun-Times Multimillionaire Republican Bruce Rauner proclaimed victory and “a new direction” as Illinois’ next governor Tuesday night, even as Democratic incumbent Pat Quinn refused to concede defeat. “This is a historic time in Illinois,” Rauner told cheering supporters. “The…
Read MoreVia The Chicago Sun-Times They could have bought 29 Walgreens-leased drug store properties across the country. Or just given each of the state’s 12.8 million residents $7.76. Instead, Gov. Pat Quinn and Republican Bruce Rauner spent their combined $100 million…
Read MoreVia The Pekin Times Tuesday’s election will end one of the least substantive campaigns in terms of explaining specific ideas for governing, but one of the most expensive — one dominated by large contributors. The race for governor of Illinois…
Read MoreVia Chicago Tribune Republican Bruce Rauner and Democrat Pat Quinn are on pace to spend more than $100 million on the Illinois governor’s race, doubling the state’s previous record in a closely watched contest featuring heavy investment by business and…
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