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*** UPDATED x1 - Cullerton responds to Fahner *** Report: Unfunded liabilities rise by $11 billion

Thursday, Nov 15, 2012

*** UPDATE *** Senate President John Cullerton’s response to the Civic Committee’s over the top rant from yesterday…

Democratic leaders were poised to pass Civic Committee approved pension fixes in May. In fact the Senate passed significant reforms to the State Employees’ Retirement System and their own pensions. And while the Civic Committee endorsed reforms that included asking local school districts and universities to pay their fair share of pension costs, Republican leaders still haven’t offered their support. The Civic Committee’s post election condemnation on political courage would be more appropriate if it were directed to those leaders.

Bipartisan pension reform is still my top priority. I invite the Civic Committee to work with me to encourage rather than discourage reform.

Cullerton’s chief legal counsel also sent a letter to Ty Fahner saying the Civic Committee’s statements yesterday “generated more heat than light.” Read it here.

[ *** End Of Update *** ]

* From the Bond Buyer

The health of Illinois’ pension system continued its downward spiral in the last fiscal year when unfunded liabilities rose by more than $11 billion and the funded ratio deteriorated to 40.4% from 43.4%, according to a review conducted by the Civic Federation of Chicago.

The state’s unfunded liabilities rose to $94.6 billion in fiscal 2012 which ended June 30, 2012 from $82.9 billion in fiscal 2011, according to the federation which tracks local government and state tax and spending policies. […]

The figures are based on a smoothing of assets over a five-year period. The state shifted to the method in fiscal 2009 to ease the impact of extreme market fluctuations on investment gains and losses in any given year. […]

Applying a market-based review, the state’s unfunded obligations rose to $96.8 billion in fiscal 2012 from $83.1 billion a year earlier while the funded ratio declined to 39% from 43.3%.

Quinn’s budget spokesman Abdon Pallasch said the latest pension figures “further illustrates the need for reforms called for by the governor.”

Please, don’t confuse the Civic Federation with the Civic Committee of the Commercial Club, which went wildly over the top yesterday in its projections of imminent demise without revealing its actual data. Despite that refusal, its angry howls of doom were taken quite seriously by the AP

Illinois’ public-employee pensions system is so far in debt that it is “unfixable,” an influential business group said Wednesday.

The Civic Committee of the Commercial Club of Chicago told its members in a memo that even current retirees’ benefits must be cut and other drastic action taken to prevent pension-program bankruptcy, the memo said.

“The pension crisis has grown so severe that it is now unfixable,” former state attorney general Tyrone Fahner, the committee’s president, wrote. “We do not make that statement lightly. It is an honest statement that no one — not our legislators, nor our governor, nor labor leaders — is willing to say publicly.”

The memo said workers putting money into the retirement accounts will never see the payback they were promised.

“It’s not melodrama, it’s fraud,” Fahner said in an interview with The Associated Press. “They’re paying under false pretenses.”

I’m not saying they’re wrong. I’m just saying I’d like to see their homework first.

- Posted by Rich Miller        


46 Comments
  1. - The Captain - Thursday, Nov 15, 12 @ 12:19 pm:

    I generally find the Civic Federation less credible and more over the top than the Civic Committee of the Commercial club so your warning has me even more concerned than normal.


  2. - Steve Bartin - Thursday, Nov 15, 12 @ 12:28 pm:

    Move on, nothing to look at here. We just had an election. Voters want the status quo in Illinois. If they wanted some sort of reform the amendment concerning pension reform would have done better, but it didn’t. That’s democracy in action. Just a reminder if you become a long term creditor of the state of Illinois don’t cry if you don’t get your money back.


  3. - Rich Miller - Thursday, Nov 15, 12 @ 12:30 pm:

    ===Just a reminder if you become a long term creditor of the state of Illinois don’t cry if you don’t get your money back. ===

    Illinois has the toughest laws in the country about paying bonds off first. Stop making up stuff.


  4. - Waffle Fries - Thursday, Nov 15, 12 @ 12:35 pm:

    Agree with Rich on this, we always pay debt service as a priority, which is why Illinois is pretty successful going to the bond market.


  5. - Reality Check - Thursday, Nov 15, 12 @ 12:48 pm:

    Speaking of showing their work, where is the Civic Fed report which Bond Buyer cites?


  6. - PublicServant - Thursday, Nov 15, 12 @ 1:09 pm:

    Rich, I think you’re right on. It’s just spin, until the supporting actuarial figures that the statement is supposedly based on are supplied.


  7. - archimedes - Thursday, Nov 15, 12 @ 1:13 pm:

    The unfunded liability was expected to get larger - that is the whole issue with the “Ramp” schedule from 1995. To freeze the unfunded liability the State would have had to put another $2 billion into the pension funds last year…


  8. - archimedes - Thursday, Nov 15, 12 @ 1:42 pm:

    Civic Federation Report:

    http://www.civicfed.org/iifs/blog/state-pension-funding-dips-39-percent


  9. - Jechislo - Thursday, Nov 15, 12 @ 1:50 pm:

    ===The Civic Committee of the Commercial Club of Chicago told its members in a memo that even current retirees’ benefits must be cut===

    Anyone have an idea how they propose that the State do this? Surely Madigan and Quinn aren’t going to go headlong into ignoring the Constitutional protection of retiree benefits. And, the ambigious Constitutional Amendment failed as the voters turned it down.

    That would be legal ’suicide’ as the whole pension mess would be tied up in the courts for a long, long time - meanwhile, an acceptable solution would not be under consideration.


  10. - archimedes - Thursday, Nov 15, 12 @ 2:02 pm:

    Eric Madiar letter (Cullerton response) is enlightening. Really spells out the contradicitons from Ty and, probably, the level of frustration felt by those trying to solve the problem when these potshots are taken.


  11. - wert - Thursday, Nov 15, 12 @ 2:13 pm:

    Madiar’s letter admits that the health benefits which are the alleged “consideration” which would make the deal constitutional can be changed on an annual basis for budget concerns. In other words, it’s a one-sided obligation. His admission completely undercuts the argument that the bill could withstand court scrutiny. But really, Ty Fahner is just begging for Illinois to adopt a progressive income tax because he is obviously not paying his fair share.


  12. - geronimo - Thursday, Nov 15, 12 @ 2:18 pm:

    Such hysterial rants by Ty Fahner are for the purpose of riling hysterical reactions from the taxpayers. Never mind the facts are not only present, but the facts point back at people like him when it comes to solutions to the wild diversion of funds by immoral people. Is he trying to incite Greek-like reactions? He underestimates the intelligence and common sense of the folks who know that there are options (albeit, no one really wants to get down to them) that will not require condemning all public workers to a life on welfare once they retire. These hit-and-run press releases are intended to inflame. We’re smarter than that.


  13. - PublicServant - Thursday, Nov 15, 12 @ 2:18 pm:

    Thanks wert. That’s exactly the reason that SB 1673 violates contract law. There is no consideration being given for accepting reduced pension benefits.


  14. - Steve Bartin - Thursday, Nov 15, 12 @ 2:28 pm:

    Rich:

    Illinois has all sorts of laws. But, a judge who’s getting a public pension is going to determine things. Yes, there’s a pecking order in bankruptcy court. But, just ask Indiana teachers about the money they lent to GM and Chrysler. How did that work out for them? So , Rich when you say “Illinois has the toughest laws in the country about paying bonds off first. Stop making up stuff. ” Really?


  15. - Rich Miller - Thursday, Nov 15, 12 @ 2:31 pm:

    ===Yes, there’s a pecking order in bankruptcy court. ===

    There is no bankruptcy court for the state of Illinois.

    Again, stop making up stuff.


  16. - Steve Bartin - Thursday, Nov 15, 12 @ 2:37 pm:

    Rich:

    I’m well aware that state governments can’t file for Chapter 9. But, that doesn’t mean that a judge in the future might not hear a case concerning money they borrowed if they fail to make payment. It’s happened before in the United States. The state of Mississippi defaulted on some bonds in the 1800’s.
    http://www.time.com/time/magazine/article/0,9171,741005,00.html


  17. - Judgment Day - Thursday, Nov 15, 12 @ 2:58 pm:

    “The state’s unfunded liabilities rose to $94.6 billion in fiscal 2012 which ended June 30, 2012 from $82.9 billion in fiscal 2011, according to the federation which tracks local government and state tax and spending policies. […]

    The figures are based on a smoothing of assets over a five-year period. The state shifted to the method in fiscal 2009 to ease the impact of extreme market fluctuations on investment gains and losses in any given year. […]

    Applying a market-based review, the state’s unfunded obligations rose to $96.8 billion in fiscal 2012 from $83.1 billion a year earlier while the funded ratio declined to 39% from 43.3%.”

    Ok, I’m doing this quick, so it’s really rough, but if the ‘mark-to-market’ numbers indicated by the Civic Federation are indeed valid (and I’m certainly not doubting those folks) and we are are funded at a level of 39%, basically it means that to get whole (back to the recommended 80% funding level recommended for retirement funds, like IMRF), wouldn’t we literally have to have the State of Illinois at least DOUBLE (100% increase) our existing pension funding levels going forward?


  18. - Arthur Andersen - Thursday, Nov 15, 12 @ 3:07 pm:

    Judgment, short answer, no.


  19. - Judgment Day - Thursday, Nov 15, 12 @ 3:07 pm:

    From the report:
    “Annual actuarial valuations are used to determine statutorily required State contributions to the pension funds. As discussed here, the systems’ proposed total FY2014 contribution amount of $6.8 billion is $964.7 million more than FY2013 State contributions of $5.9 billion.”

    If the numbers shown above are correct (and again, no reason to doubt the numbers), and these 2013/2014 State of Illinois funding numbers get us to 39%, then ….

    FY2014 retirement funding numbers of $6.8 billion would have to jump to around $ 13.6 billion.

    Interesting….


  20. - mongo - Thursday, Nov 15, 12 @ 3:08 pm:

    For Steve, really, Missippi in the 1800’s? Tha’s all you got?

    Madiar’s letter is excellent. Time for Fahner to show us his information. Paint or get off the ladder so to speak.


  21. - Judgment Day - Thursday, Nov 15, 12 @ 3:08 pm:

    AA, THANK YOU!!!


  22. - Rich Miller - Thursday, Nov 15, 12 @ 3:09 pm:

    ===would have to jump===

    You’re forgetting the ramp.


  23. - Arthur Andersen - Thursday, Nov 15, 12 @ 3:23 pm:

    RICH, THANK YOU!


  24. - Obamas Puppy - Thursday, Nov 15, 12 @ 3:33 pm:

    Homework? They already flunked out of school and now they are boo hooing because they have been outmaneuvered at every turn.


  25. - Hacks - Thursday, Nov 15, 12 @ 3:34 pm:

    Shortly, we’ll have to re-visit the constitutionality of a State filing for bankruptcy.

    Meredith Whitney may have been early on her call for 100 municipalities to go bankrupt, but they are starting to drop. I am looking for another 5-10 counties next year.

    When will the capital markets say Illinois is not a good risk? I think we are within 5-6 years of this. I intrinsically think Ty Fahner is correct.


  26. - wert - Thursday, Nov 15, 12 @ 3:34 pm:

    Ty is having a hissy fit because he’s afraid people in Illinois might agree with Obama’s statements that the election was a mandate to tax the wealthy more. And, like Rove and Romney, he needs to lash out at a scapegoat so his wealthy cohorts don’t grumble that they’ve spent all their money on his Civic Committee demonize-public-employees plan and gotten jack in return. It is mystifying why the press refers to his group as a “watchdog” or “thinktank” when it is nothing more than a super PAC.


  27. - wordslinger - Thursday, Nov 15, 12 @ 3:36 pm:

    –Just a reminder if you become a long term creditor of the state of Illinois don’t cry if you don’t get your money back. –

    Steve, in your alternative universe, are there examples that you can cite in which the SOI, a going concern since 1818, missed a bond or pension payment, through recession, Depression, Civil War or foreign war?

    Because you won’t find an example in this universe.


  28. - Soccertease - Thursday, Nov 15, 12 @ 3:37 pm:

    The state’s pension debt problem is fixable-difficult, but fixable. The Civic Committee of the CC is not fixable.


  29. - wordslinger - Thursday, Nov 15, 12 @ 3:40 pm:

    Curiously, after saying the problem is “unfixable,” Ty’s crew laid out a four-point plan to fix it.

    Pick a lane, dudes.


  30. - KurtInSpringfield - Thursday, Nov 15, 12 @ 5:31 pm:

    Curiously, the idea that because the pension funding level is now at 39% it is unsustainable and needs fixing or is unfixable rings hollow . From Eric Madiar, IS WELCHING ON PUBLIC PENSION PROMISES AN OPTION FOR ILLINOIS?:

    “The pension system was no better funded in 1970 as it is today.
    At the time of the Convention, the Pension Laws Commission reported that the General Assembly
    Retirement System (GARS) was 68.5% funded, while the State University Retirement System (SURS)
    was 47% funded.The remaining state-funded retirement systems had the following funding
    percentages: State Employees Retirement System (SERS) 43%; Judicial Retirement System (JRS) 32.3%;and Teachers Retirement System (TRS) 40%.94 The five State pension systems had an aggregate funding ratio of 41.8%. By comparison police and firemen pension funds were respectively only 33.8% and 19.1% funded.”

    The pension systems have honored all their obligations while remaining significantly underfunded for over 30 years. Why, all of a sudden then, is this an immediate crisis and unfixable?

    The pension liability never comes due all at once. For example, most people can’t afford to pay off their mortgages today, but they can make the payments. It doesn’t mean they have an immediate crisis.

    Don’t get me wrong. I believe there is a crisis, a debt crisis, not a pension crisis.

    As I’ve said before one viable, constitutional solution would be to rewrite the terms of the payment plan (the pension ramp). Make the payments a fixed dollar amount rather than ramping up every year. You could reduce the debt payments and increase the term just as you would if you were refinancing a mortgage from say 15 years to 30 years to reduce your monthly payments.

    As Rich has stated on this blog before, why 2045 & 90%? Or Pat Quinn’s plan this spring was to reach 100% by 2042. Why? Why not 75% by 2052, and 80% soon after that and eventually reaching 100%.

    Save taxpayer money on a constitutional fight, redo the pension ramp, and make it easier on the state bugdet. Debt crisis solved! You could even use Fortner’s idea of diverting money from bond payments, once the bonds are paid off, to pay down the pension debt. That would reduce the pressure on the state budget even more.


  31. - KurtInSpringfield - Thursday, Nov 15, 12 @ 5:38 pm:

    By the way, the plan I proposed only works if the state continues to pay its normal pension cost every year along with the debt repayment. It would be similar to always making the minimum payments to keep up and paying extra every month to pay down the actual debt.


  32. - Bill - Thursday, Nov 15, 12 @ 6:15 pm:

    Revenue must be increased and the state debt must be paid. That is the only way to “fix” the pension “crisis”. Even if any of these so called solutions could pass court muster they would still not address the $83 or $95 or $120, or whatever billion number they are using today, debt the state has accrued. The reductionists want to pay less not more to the plans. They will never solve anything that way. Cutting benefits will never solve the problem because benefits are not the problem in the first place.


  33. - wordslinger - Thursday, Nov 15, 12 @ 6:25 pm:

    –By the way, the plan I proposed only works if the state continues to pay its normal pension cost every year along with the debt repayment. It would be similar to always making the minimum payments to keep up and paying extra every month to pay down the actual debt.–

    Reasonable people dealing in good faith understand that.

    Ty and the Tribbies see an opportunity to pull a fast one, stealing the retirement funds of working stiffs and busting the public unions in the process.

    If they weren’t such vacuous clods (John Kass, our most brilliant thinker and writer!), they might have had a chance.

    I think the CTU disabused them of that notion. Seeing the very young teachers out in the streets woke up a lot of folks, I think, to the fact that public employees are not some parasite on the body politic, but your daughters, sons and neighbors trying to make an honest buck in an honorable way.

    But Bruce Rauner, you might disagree and have a point. Tell you what, give me a few million and I can spin it the other way, lol. You’ll make a great governor.


  34. - Arthur Andersen - Thursday, Nov 15, 12 @ 6:39 pm:

    Nice to read some serious, informed comment after the earlier Wingnut burst.
    I crunched some numbers a couple years back which showed that even if the State paid zip toward normal cost, the annual tab was still several billion per year and grew rapidly. The miracle of compound interest.
    Bill and Kurt are absolutely right. This is about debts and revenues, not benefit levels.
    As an aside, word, you are likely on to something with Rauner ‘14. A consultant’s dream, and the check won’t bounce.


  35. - wordslinger - Thursday, Nov 15, 12 @ 7:01 pm:

    –As an aside, word, you are likely on to something with Rauner ‘14. A consultant’s dream, and the check won’t bounce.–

    Love that rich egomaniac money.


  36. - geronimo - Thursday, Nov 15, 12 @ 7:08 pm:

    Wordslinger–Ty and the Tribbies see an opportunity to pull a fast one, stealing the retirement funds of working stiffs and busting the public unions in the process.

    That is the beginning, middle and end of everything anyone needs to know about the pension issue. Add some hysterical handwringing to the mix from both of them and that’s about it.


  37. - steve schnorf - Thursday, Nov 15, 12 @ 7:30 pm:

    I found the CC’s letter somewhat indecipherable. For example, are they suggesting that Moody’s 5.5% discount rate suggestion also become the assumed rate of return for the systems? If so, can anyone point out to me 1 or 2 of the say 250 largest public pension systems currently using a 5.5% discount rate, much less a 5.5% rate of return assumption. Seriously, I would be quite interested. My own (granted limited) research has found none, and finds the national average to be around 7.75%, somewhat lower than the national average assumption for non public funds. Does that mean that all public pension funds are now unfixable?

    What state contribution are they foreseeing between now and 2029, or 2040? What employee contributions are they assuming? My inclination is that if they had hard numbers, based on reasonable assumptions, we would already be having those numbers forced at us, since they would be very powerful. When you are asked a reasonable question in these circumstances and you refuse to answer it, one may reasonably conclude that the answer would be to your disadvantage. Let’s see some numbers.


  38. - steve schnorf - Thursday, Nov 15, 12 @ 7:40 pm:

    And Madiar is brutal, in his civil, understated way, in his dissection of Ty’s letter. I wonder if Ty got it.


  39. - wordslinger - Thursday, Nov 15, 12 @ 8:02 pm:

    –And Madiar is brutal, in his civil, understated way, in his dissection of Ty’s letter. I wonder if Ty got it.–

    Indeed he was, I’m sure he did, and I hope he and his reflect.

    Psst, Ty, the folks aren’t buying that neighbor-as-parasite stuff, anymore.

    Hope springs eternal, and I personally hope that the Yankees’ resounding victory last week will convince those that traffic in willful ignorance and irrational fear to listen to the better angels of their nature and stop demonizing their neighbors for the short con.

    If not, they’d better pack a lunch, because it will be an all-day job.


  40. - RNUG - Thursday, Nov 15, 12 @ 8:06 pm:

    Steve, I agree.

    As he has demonstrated previously, Madiar is one of the few people, and possibly the only person, in the State who really understands the entire pension issue and the total implications of any proposed changes.


  41. - wordslinger - Thursday, Nov 15, 12 @ 8:29 pm:

    –When will the capital markets say Illinois is not a good risk? I think we are within 5-6 years of this. I intrinsically think Ty Fahner is correct–

    How do you, “intrinsically,” arrive at that conclusion?

    The capital markets can’t get enough of public paper (or private junk paper, for that matter), because they pay when nothing else does.

    And the public paper is incredibly safe, as any fool can see.

    Were you all born yesterday, watching Meredith Whitney (betting the other way) on “60 Minutes?”

    I hope you didn’t put any money down on Dick Morris and George Wills’ election predictions (”Minnesota, for Romney, because the evangelicals will come out for the gay marriage ban).”

    There’s a history you can track here. “Gut” feelings mean oogots.


  42. - Norseman - Thursday, Nov 15, 12 @ 10:35 pm:

    RNUG, I was very impressed by his memo, however, I disagree with his contention that SB 1673 is a constitutionally acceptable consideration for modifying the pension benefits.


  43. - Bemac - Thursday, Nov 15, 12 @ 10:37 pm:

    The figure in the first paragraph of the second page of Madiar’s letter should be $71.8 billion, not $17.8. Once a copy editor, always a copy editor.


  44. - Joe Melugins - Thursday, Nov 15, 12 @ 10:49 pm:

    The courts may have to decide if any bill reducing COLAs in constitutional or not. Arizona has an almost identical pension protection clause in its constitution - and their courts first shot down the AZ legislatures attempt to reduce pensions.
    http://www.governing.com/news/state/sl-courts-block-efforts-at-public-pension-change.html

    Then it also shot down the AZ legislatures attempt to reduce COLAs.

    “Maricopa County Superior Court judge has ruled that the state Legislature violated the state Constitution and effectively breached a contract when it passed a bill overhauling the state’s pension system.

    At issue was whether judges and elected officials were entitled to continued annual cost-of-living increases. A bill passed last year stopped the increases, which went as high as 4 percent per year, to protect the finances of the state pension fund.

    Several retired judges and elected officials brought suit against the state’s Elected Officials’ Retirement Plan, pointing out that the state Constitution explicitly states that “public retirement benefits shall not be diminished or impaired.” Retired Maricopa County Superior Court Judge Kenneth Fields was named as lead plaintiff in the lawsuit.

    Superior Court Judge John Buttrick found in Fields’ favor late last week”

    from: http://www.azcentral.com/news/politics/articles/2012/05/29/20120529maricopa-judge-pension-raises.html?nclick_check=1#ixzz1wMtPh84v


  45. - Todd - Friday, Nov 16, 12 @ 7:56 am:

    I found the CC’s letter somewhat indecipherable. For example, are they suggesting that Moody’s 5.5% discount rate suggestion also become the assumed rate of return for the systems? If so, can anyone point out to me 1 or 2 of the say 250 largest public pension systems currently using a 5.5% discount rate, much less a 5.5% rate of return assumption. Seriously, I would be quite interested. My own (granted limited) research has found none, and finds the national average to be around 7.75%, somewhat lower than the national average assumption for non public funds. Does that mean that all public pension funds are now unfixable?

    What state contribution are they foreseeing between now and 2029, or 2040? What employee contributions are they assuming? My inclination is that if they had hard numbers, based on reasonable assumptions, we would already be having those numbers forced at us, since they would be very powerful. When you are asked a reasonable question in these circumstances and you refuse to answer it, one may reasonably conclude that the answer would be to your disadvantage. Let’s see some numbers.

    Steve –

    My pension is a private one. And we use to use a 7.5% rate of return despite a 30 year historical average of over 10%. But with the way the stock market is acting, we have dropped ours to 5.5 % anticipated ROI. due to the timing of the end of our fiscal year for our pension, we got a 4.5% ROI last year. But we were 3 ppints below what we needed and so the differance has to come out of the reserves.

    there are also new mortalitiy tables that are changing our calculations for reserves. Putting even more pressure on things. I think that if the public pension plans assumed a REAL rate of return somewher in the 5 - 5.5% area and used the mortality tables that ERISA plans or private plans need to. you could tack on another 30% tot he unfunded liablity.

    I just don’t see the reality in their projections based upon what my $3 Billion plan has had to do to stay on the positive side of things. and for the record, we are funded at 80%.

    But this involved, reducing our multiplier from 3.6 to 1 over several years, 4 reductions if memory serves me right. contrubutions which we don;t get credit for that go into building up the reserves.

    changing our retiree medical plans

    changing our assumed ROI

    revising mortality tables (to the detriment) of the fund.

    My suggestion is to look to the private sector. That is where the comparision needs to take place


  46. - RNUG - Friday, Nov 16, 12 @ 8:11 am:

    Norseman,

    I didn’t say he was always 100% right, just that he understands it better than anyone else.


Sorry, comments for this post are now closed.


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        * Standoff escalates over CPS' snub of federal te.....
        * Another optics problem..
        * Marijuana vending machines: Seattle's first dis.....
        * Rauner defends paying staff more than Quinn did..
        * Governing ain’t easy..
        * Rauner Slams Quinn For Leaving Behind “Fundamen.....
        * Rauner defends paying staff more than predecessor..


        * Cullerton: More information needed on high Rauner salaries
        * Gov. Bruce Rauner defends paying staff more than predecessor
        * Pro wrestler cheats at Wing Bowl, hides food in fanny pack
        * Chicago suburb to honor Harold Ramis during Groundhog Days
        * Crundwell court filing says she wants to keep horse trophies
        * SIU student newspaper bids farewell to old printing press
        * AbbVie reports better-than-expected 4Q on Humira sales
        * Cellphone providers bringing 4G coverage to Chicago subways
        * Visitation for Ernie Banks to be held in Chicago
        * On Super Bowl Sunday, veggies are most popular food

        * Rauner defends paying staff more than Quinn did
        * Top Rauner staff receiving higher pay than Quinn's
        * Springfield lawmakers want oversight commission to monitor 10th Street rail promises
        * Rauner staff receiving higher pay than Quinn's
        * New DNR director Rosenthal touts experience
        * Rauner wants bureaucratic cuts in education, elsewhere
        * New DNR director touts experience
        * Springfield unemployment falls to 5.6 percent in December
        * Springfield gaming terminal up 46 percent in 2014; revenue hits $1M
        * Springfield gaming terminals up 46 percent in 2014; revenue hits $1M

        * Ex-Sentinel CEO gets 14 years for investor fraud
        * Citibank shutters seven local branches
        * AbbVie falls on 'disappointing' hep C drug forecast
        * Hanging with Richard Branson at his new Chicago hotel
        * What people don't get about 'boring and bland' Scott Walker


          * Blackhawks legend Stan Mikita facing 'serious health issues'
          * Emanuel won't rule out property tax hike for police, fire pensions
          * State threatens to withhold funds from schools that skip Common Core test
          * Reward offered for missing U. of I. student from Chicago missing since Sunday
          * For Metra riders, fare increase depends on type of ticket, destination
          * Money manager sentenced to 14 years in prison for massive fraud
          * Young homeless get help from those who've walked in their shoes
          * Illinois No. 10 in identity theft -- so beware in tax season
          * Cop falsely accused in 'honeybee' murder case settles suit with Will County
          * Ban will cost Rita Jeptoo the Chicago Marathon title


          * Could Rauner's Spending Hold Derail New Train Routes?
          * Listen to State Week - January 30, 2015
          * Rauner Staff Receiving Higher Pay Than Quinn's
          * Rauner Defends Higher Staff Salaries
          * Unmasking Ernie Banks
          * Guzzardi Wants Parents To Be Able To Opt Kids Out Of Testing
          * National Weather Service Latest Snow Projections
          * Rauner Tells U Of I To Cut Bureaucracy
          * Group Says Railroad Threatens To Isolate East Side
          * Proposal Would Ban Conversion Therapy For Minors


          * Rauner defends paying staff more than Quinn did
          * Our Opinion: Residency not the best gauge of loyalty
          * Cary Collins: Other options for fixing Illinois' pension problems
          * E.J. Dionne: For the Patriots, without apology
          * Esther Cepeda: Paid sick leave is a worthy prescription
          * George Will: Bud Selig's winning legacy
          * Quote of the Day: Friday, Jan. 30, 2015
          * Top Rauner staff receiving higher pay than Quinn's
          * Springfield lawmakers want oversight commission to monitor 10th Street rail promises
          * New DNR director Rosenthal touts experience


          * Loda rejects liquor license that would have meant gaming license
          * School activities being added in Villa Grove
          * GC council recommends approach for backers of Harvest Fest
          * Snowy weekend on tap for East Central Illinois
          * Change of judges granted in retrial over fatal crash
          * Chat recap: 'Bailey wants to play quarterback'
          * Man charged with injuring 1-year-old daughter
          * Tom's mailbag Jan. 30, 2015
          * Bi-State headquarters moving
          * PHOTOS: Hope Academy administrators drink mystery smoothies for students


          * Whistleblower removed from VA press event before it starts
          * Police: 4-year-old Milwaukee boy accidentally shot uncle
          * Braves deal RHP David Hale to Rockies in 4-player trade
          * Wauconda trustee candidate calls vaccines dangerous
          * Indiana library faces major cuts under proposed budget

          * Letter: Bipartisanship from Roskam - North...
          * Hotel Industry Praises House Passage of 40...
          * House immigration rollback bill going nowh...
          * Rep. Jan Schakowsky Statement on Vote Agai...
          * Immigration bill passes with Rep. Schock a...
          * Danny Davis Defeats Robert Bumpers In Illi...
          * Durbin, Gutierrez Slam 'Hateful' Republica...
          * Rehab of Affordable Housing Building in Ol...
          * Rep. Aaron Schock's amendment seeks priori...
          * House votes to undo Obama immigration poli...

          * Flake joins group pushing to end travel re......
          * Guest lineups for the Sunday news shows...
          * The Republican Congress Meets Reality...
          * Immigration drama heats up with DHS funds ......
          * Bob's Blog: Romney out of the race...

          * Sen. Kirk pushes $300 million plan to help......
          * Obama Has Given Iranians “80 Percent of Wh......
          * Sen. Kirk blasts British PM for lobbying a......
          * Top Rauner staff more highly paid than Qui......
          * Sen. Kirk pushes $300-million plan to help......

          * December Unemployment Rate Ticks Down In All Illinois Metro Areas
          * December Unemployment Rate Ticks Down In All Illinois Metro Areas (UPDATED)
          * Rauner’s worker empowerment zones.
          * Tim Furman: Andrea Zopp and the zombie lie.
          * Activists Bring Fight To Save A Rogers Park 'Community House' To Citibank (VIDEO)
          * Deb Mell Takes Heat For Family Ties At 33rd Ward Candidate Forum
          * Study: Top 1% Of Earners In Illinois Captured 97% Of Post-Recession Income Gains
          * U Of C Nurses Vote To Authorize 1-Day Strike
          * Poll: Most Chicago Voters Support Parkland Use For Obama Library
          * New Ald. Beale mailer #Aldertrack


          * IDHS reminds eligible workers to take advantage of free tax help and the Earned Income Tax Credit (EITC) - More than 30 sites offer free tax services Statewide
          * IEMA, American Lung Association Launch Health House - Radon Excellence Program in Savoy - Two Champaign builders coordinating with Heyworth radon mitigator in program to reduce radon-related lung cancer risks in new homes
          * One Confirmed Case of Measles in Illinois
          * Governor announces latest round of agency appointments
          * Rauner announces “Turnaround Team” - Stellar team to help turn Illinois around




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