July 28, 2015  By: Greg Hinz  Is the battle over Illinois pension reform headed to the U.S. Supreme Court? Illinois Attorney General Lisa Madigan is raising that possibility. In a petition filed late yesterday, she formally asked U.S. Supreme Court …

July 28, 2015  By: Scott Beyer  The financial situations for the city of Chicago and the state of Illinois are by now exceedingly clear: both are swimming in debt. The state’s figures stand at $164 billion, and the city’s combined …

July 24, 2015  By: Hal Dardick and Rick Pearson  Mayor Rahm Emanuel’s administration said it will appeal a Cook County judge’s decision Friday that ruled unconstitutional a state law reducing municipal worker pension benefits in exchange for a city guarantee …

July 24, 2015  Mary Williams Walsh  A judge in Chicago ruled on Friday that a plan to change city workers’ pensions was unconstitutional. The case is being closely watched for its effect on the city’s uncertain finances. The judge, Rita …