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Chicago and Chicago Public Schools unfunded pension liabilities. The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's ...
In roughly this sense, the President detains funds in the treasury rather than spending them as appropriated. The first use of the power by President Thomas Jefferson involved refusal to spend $50,000 ($1.24 million in 2023) in funds appropriated for the acquisition of gunboats for the United States Navy. He said in 1803 that "[t]he sum of ...
Member of the U.S. House of Representatives from Illinois; In office January 3, 1985 – January 3, 1989: Preceded by: Paul Simon: Succeeded by: Glenn Poshard: Constituency
Advisers to incoming U.S. President Donald Trump are recommending he waive environmental reviews for federally funded critical minerals projects to boost domestic production of materials used in ...
Supplemental appropriations bills may be used for areas of sudden need, such as disaster relief. Appropriations bills are one part of a larger United States budget and spending process. They are preceded in that process by the president's budget proposal, congressional budget resolutions, and the 302(b) allocation.
Lock in juicy quarterly income through this $1B private real estate fund — even if you’re not a millionaire. Here’s how to get started with as little as $10.
Dolton trustees have hired former Chicago Mayor Lori Lightfoot as a special investigator, to be paid $400 an hour and tasked with probing spending habits of Dolton Mayor Tiffany Henyard. The ...
Pork barrel, or simply pork, is a metaphor for the appropriation of government spending for localized projects secured solely or primarily to direct expenditures to a representative's district. The usage originated in American English , and it indicates a negotiated way of political particularism .