Enough
is Enough

Crain’s Chicago Business: What the Supreme Court’s new majority means for Illinois’ fiscal mess

  • 19.07.2018
  • 7
  • 0
back to news

With a new majority set to take control of the U.S. Supreme Court, it’s time to look forward and consider how it may ultimately resolve Illinois’ long-running fiscal crisis. As it did with its recent landmark ruling on public-sector unions, the court could have the deciding say on a number of state issues.

First, suppose Illinois amended its constitution to delete or soften its pension-protection clause and proceeded to cut pension benefits. Public unions would sue in federal court, they’ve said, based on violation of the Contracts Clause of the U.S. Constitution.

Or suppose Congress amends the bankruptcy code to allow bankruptcy for states. That’s not far-fetched. Gov. Bruce Rauner spoke openly about it last year, saying he had a bill ready to go. If it passed, a constitutional challenge would be certain.  Click here to read more…

7

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest in News

  • 14.02.2019
  • 3
  • 0

Crain’s Chicago Business – Pritzker: Illinois deficit to be $435M more than Rauner estimated

  • 14.02.2019
  • 1
  • 0

Bloomington Pantagraph: Illinois budget woes worse than previously thought

  • 08.02.2019
  • 11
  • 0

Crain’s Chicago Business: AARP Op-Ed – Elite business group’s tax plan unfairly hits average Illinoisans