TITLE

Pension Liabilities Creak in the Fiscal Attic

AUTHOR(S)
Shields, Yvette
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/21/2005, Vol. 351 Issue 32094, Special section p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the impact of pension liability on Illinois' budget. Coverage of the state's five pension systems; Proposal of Governor Rod Blagojevich to stabilize the situation; Amount of proposed budget for schools.
ACCESSION #
16513293

 

Related Articles

  • Illinois Calls for Comptroller To Pay Up.  // Investment Management Weekly;4/26/2004, Vol. 17 Issue 17, p1 

    Reports that Illinois State retirement leaders are on the brink of demanding the state comptroller to release the full amount owed to them for the 2005 budget year after Governor Rod Blagojevich asked the state's legislature to cut allocation for the pension fund.

  • Illinois May Face $1.6B Gap in 2011. Shields, Yvette // Bond Buyer;3/20/2007, Vol. 359 Issue 32590, p1 

    The article reports on the budget deficit facing Illinois in 2011. It suggests that the state will face an annual $1.6 billion deficit by 2011 due to its mounting pension obligations. The article discusses the implications if lawmakers fail to adopt Governor Rod Blagojevich's plan to issue $16...

  • AG Calls Mortgage Deal Unconstitutional.  // Bond Buyer;6/4/2004, Vol. 348 Issue 31898, p1 

    Reports that the Illinois attorney general announced in June 2004 that Governor Rod Blagojevich's plan to mortgage the state's downtown Chicago office building to raise $200 million for the budget violates the state constitution because it constitutes state debt and required a three-fifths...

  • Illinois Governor Sets $49B Operating Budget. Shields, Yvette // Bond Buyer;3/8/2007, Vol. 359 Issue 32582, p1 

    The article reports on the move taken by Illinois Governor Rod Blagojevich in unveiling a $49.1 billion operating budget for fiscal year 2008. Accordingly, the budget relies on $16 billion of new general obligation debt, $10 billion of which is from the privatization of the lottery, while $2.6...

  • Chicago Watchdogs Blast Governor's Proposed Cuts to Pension Payments. Shields, Yvette // Bond Buyer;5/4/2004, Vol. 348 Issue 31876, p4 

    Reports on the reaction of the civic watchdog group Civic Federation of Chicago, on the refusal of Illinois Governor Rod Blagojevich to use income tax increase to help balance the proposed 54 billion dollars fiscal 2005 budget in Illinois. Opposition of the group on Blagojevichs' plan to trim...

  • No No-Growth Budget. Shields, Yvette // Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p31 

    Reports that with budget negotiations in their final week, Illinois Gov. Rod Blagojevich has rejected a proposal from some lawmakers to support a no-growth fiscal 2005 budget. Proposal to limit spending in the fiscal 2005 budget to the same levels in the fiscal 2004 budget.

  • Blagojevich Signs Budget. Shields, Yvette // Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p35 

    The article reports that Illinois Governor Rod Blagojevich has signed into law a $56 billion budget for fiscal 2007. The budget provides an additional $415 million in operating aid for schools, $45 million for colleges and universities, and $29 million for preservation. Blagojevich said that...

  • Delayed Illinois Budget Boosts School Funding. Cavanagh, Sean // Education Week;2/13/2008, Vol. 27 Issue 23, p22 

    The article focuses on the Illinois state budget for the 2008 fiscal year. It explains that the state's governor, Rod R. Blagojevich, and its legislators approved the budget in January 2008. The budget will increase the education system's spending and its costs per pupil. The issue of...

  • CIVIC GROUP BLASTS BLAGOJEVICH. Hinz, Greg // Crain's Chicago Business;5/3/2004, Vol. 27 Issue 18, p4 

    A tax policy group in Chicago, Illinois, that had praised Governor Rod Blagojevich now is criticizing his fiscal policies. Stepping into a brawl between Blagojevich and his legislative critics, the Civic Federation of Chicago, Illinois, says that it "strongly opposes" what it considers to be a...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics