published Aug 8th 2016, 6:23 pm, by Elizabeth Campbell (Bloomberg) — Chicago school officials presented a budget that relies on the state of Illinois passing an overhaul of its underfunded pension system and assumes that the teachers’ union will agree to pay more into their retirement funds. The $5.4 billion

published Jun 1st 2016, 9:36 am, by Elizabeth Campbell (Bloomberg) — Illinois’s leaders failed to end the state’s worst budget impasse on record, deepening the fiscal turmoil in the Land of Lincoln as unpaid bills may swell to $10 billion, schools risk not opening on time, and prisons fall in