Archive for the ‘State Budget’ Category.

Illinois’s Public Universities won’t have to borrow — for now

We have negotiations today. Two negotiations “packages” are pending, compensation and evaluation. The first includes annual salary adjustments and workload. The second, evaluation, addresses retention, evaluation, termination and sanction.

The Chronicle reports that the state has nearly repaid the higher education bill for 2009-2010 and then speculates about the borrowing that may lie in our financial future.

Illinois’s Public Universities Won’t Have to Borrow — for Now

By Eric Kelderman

The State of Illinois has repaid nearly all of the $464-million it owed to its public universities from the 2009-10 fiscal year, which ended on June 30.

Read more at the Chronicle

IFT takes on Tribune and Commercial Club attacks on public pensions

Ed Geppert, President of the IFT, and Ken Swanson, President of IEA, have written a response to the Tribune and the Commercial Club of Chicago continuing onslaught on the Illinois pension system. The union leaders suggest that the Tribune has been used as a tool of terror. Please find below the commentary by Geppert and Swanson, response by Eden Martin (Commercial Club) and the Tribune.

Teachers: Don’t blame us for mess

By Ed Geppert and Ken Swanson
August 19, 2010

Dennis Byrne’s Aug. 10 column on Illinois’ financially imperiled pension system struck a nerve. The presidents of the Illinois Education Association and the Illinois Federation of Teachers have responded with an essay that says the Tribune is being used as a “tool of terror.” The IEA Web site says the Tribune is “waging a relentless war against public employees over state pensions” and claims the “real author” of Byrne’s column was Eden Martin, president of the Civic Committee of the Commercial Club of Chicago.

In the interest of debate, we present the essay from the IEA and IFT, and a response from Eden Martin.

How much longer will the Chicago Tribune allow itself to be used as a tool of terror by millionaire Eden Martin in his quest to deprive hundreds of thousands of Illinoisans of the reasonable retirement they, in large part, have paid for?

The Aug. 10 opinion piece, ostensibly written by public relations specialist Dennis Byrne, is a blatant attempt to frighten and intimidate innocent people who simply expect the State of Illinois to keep its promises.

Byrne/Martin’s claim that the state pension shortfall was caused by overly-generous pension benefits paid to state employees and teachers is provably false. And they know it.

Read more at the Chicago Tribune