News

Study Predicts Pension Bill Won’t Ease Deficit

Study Predicts Pension Bill Won’t Ease Deficit

A report released today says Illinois’ plan to save $160 billion ultimately won’t make much of a dent in the state’s growing deficits. The University of Illinois’ Institute for Government and Public Affairs study says changes to the state’s major public pension systems will eliminate their unfunded liability over the next 25 years, but the state’s deficit will increase to $13 billion during that time. Institute researchers projected a $14 billion deficit — a $1 billion difference — if the state had not implemented pension reform. Institute Director Chris Mooney says the study was released purposely as campaigns for the 2014 general election begin to heat up. Mooney says he wants to make sure the state’s fiscal crisis is talked about and that people “don’t get complacent.”

 

Recent Headlines

in Music

Justin Bieber charged with dangerous driving

Fresh
Canadian pop singer Justin Bieber drives a quad bike at the beach as he takes a break in a resort in Punta Chame on the outskirts of Panama City in a January 27, 2014 file photo.

Justin Bieber has been charged with dangerous driving and assault following an altercation and collision on Friday.

in Music

Kanye West confronted SNL comedian over MTV VMAs spoof

Kanye West American rapper, songwriter, record producer, film director, entrepreneur, and fashion designer, Kanye West attends the Cannes Lions 2014, 61st International Advertising Festival in Cannes, southern France, Tuesday, June 17, 2014. The Cannes Lions International Advertising Festival is a world's meeting place for professionals in the communications industry.

Kanye West has urged SNL's Jay Pharoah not to make light of his hard work after the rapper was spoofed during the MTV Video Music Awards.

in Entertainment

Angelina Jolie debuts wedding dress featuring kids’ artwork

The cover of People magazine, dated 15th September, 2014, featuring the wedding of Angelina Jolie to Brad Pitt.

Angelina Jolie has debuted photos of her surprise nuptials to Brad Pitt, revealing she wore a designer wedding gown featuring artwork by their six children.

in Music

Chris Brown pleads guilty to assault

Singer Chris Brown leaves District of Columbia Superior Court in Washington, Tuesday, Sept. 2, 2014, after pleading guilty on a misdemeanor assault. Brown pleaded guilty on Tuesday to hitting a man outside a Washington hotel, an assault that occurred while the singer was on probation for attacking his then-girlfriend Rihanna. Brown pleaded guilty to misdemeanor assault and was sentenced to time served. He spent two days in a District of Columbia jail in this case.

Chris Brown appeared at a court in Washington, D.C. and admitted beating up a man outside a hotel in the city last year.

in Music

Andre 3000 planning rap retirement next year

Andre 3000 performs at the Way Out West Festival in 2014.

Outkast star Andre 3000 is convinced hip-hop is a young man's game and he confesses he can no longer keep up with his new peers.