Associated Fire Fighters of Illinois

via Blueroomstream.com

Illinois Governor J.B. Pritzker approved a plan Wednesday to pool the pension funds of nearly 650 downstate police and fire departments.


bankruptcy court
flickr.com/andy_kiel

An Illinois Republican has proposed changing state law to let cities and towns declare bankruptcy.

As state government considers cutting back the money it shares with municipalities, Rep. Ron Sandack says it ought to give cities more tools to fix their own finances. Sandack says letting cities threaten bankruptcy would give them more leverage in dealing with unions.