As many expected, a judge has issued a stay on the pension reform passed last December. The case is likely to take a couple of years before it is decided at the Illinois Supreme Court. Here is a statement from the President of the Illinois AFL-CIO, Michael Carrigan: “This is an important first step in […]
You can tell who is serious about pension reform and who is not with the comments when the actuarial analysis showed the following: It turns out pension reform could save $15 billion less than legislative leaders initially anticipated. An actuarial analysis done by the pension systems affected by this bill say the real savings will […]
What will happen if the deeper financial reviews discover the pension plan will fall way short of the $160 billion savings estimate?
By Ray Long, Tribune reporter SPRINGFIELD — When Illinois lawmakers narrowly approved major changes to the public employee retirement system last month, supporters touted the measure as saving $160 billion over 30 years. —————————————————————————————— Illinois’ chronic money woes led Wall Street to bestow upon it the worst credit rating of any state in the nation. Since […]
State Rep. David McSweeney invites you to a Saturday night out (Oct. 26). Click image below for details and ticket information.
Property taxes are threatening the home ownership of struggling families across the state of Illinois. Since I was sworn in to serve in January, I sponsored four bills addressing property tax reform. While I am grateful that my bill fighting the issuance of alternative revenue bonds that could lead to higher property taxes is now […]
Greetings! As our children head back to school and we begin our autumn routines, I hope you and your families are enjoying these last few days of summer. Throughout the last few months, my constituents and the work for the 52nd District have never fallen from focus. I want to take this opportunity to highlight a few […]
The Northwest Herald is reporting that Governor Quinn stole David McSweeney’s (R-Barrington) idea to halt lawmaker salaries until the $100 million dollar pension problem has a workable solution. Moreover, the paper says that it was the right decision. Read it for yourself. When McSweeney was running against Dee Beaubian (I D – Barrington) for state representative […]
A House GOP lawmaker is calling on House Speaker Michael Madigan to release a property tax bill amendment from a key House panel. State Rep. David McSweeney (R-Barrington Hills) is seeking to spring his amendment to legislation, Senate Bill 1937, to give Illinois residents living within township governments a 2-year property tax levy freeze, from […]
The pension shift is still alive and well in Springfield. Both the Springfield Journal Register and the Daily Herald reported that Speaker Michael Madigan says there will be a pension shift. Springfield Journal Register: Illinois House Speaker Michael Madigan made it clear Thursday that he will pursue a proposal to shift the cost of downstate […]
The Northwest Herald recognizes that Madigan and company in Springfield have caused Illinois’ fiscal problems. To that end they have endorsed McSweeney over Beaubien for 52nd State Representative. Here is an excerpt on their support of McSweeney [emphasis mine]: There’s no doubt McSweeney will be a fiscal hawk. An investment banker by profession and strong fiscal […]