The state will have to come up with another $670 million for the teacher pension system in the next budget after a retirement fund panel crunched the numbers and adjusted its assumptions. The Teachers' Retirement System lowered what it expects from investments from...
Politics
Quick Pension Analysis
Ok, so I was getting asked about this the other day both in person and in the comments about why the pensions are really in such bad shape and what the latest GASB positions mean to the funds. GASB first. GASB Changes I did some poking around and the recent GASB...
100 Days Until Taxmageddon
Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2013: via Americans for Tax Reform. Here's...
Rahm: Higher Cigarette & Amusement Taxes
Mayor Rahm Emanuel is considering an increase in city taxes on cigarettes and entertainment to help close an anticipated $369 million gap in next year's budget, City Hall sources said Wednesday. ... It's unclear how much the cigarette tax might be raised. A city...