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Created by:Michael ReinhardMichael Reinhard
{"id":22399,"type":0,"block_id":"1336364843","theme_id":20,"user_id":10982,"path":"1218720043/1336364843","title":"pension crisis","pubtitle":null,"tags":"","public":true,"publicAccess":true,"private_link_enabled":0,"thumb":"https://s3-eu-west-1.amazonaws.com/infogram-thumbs-200/1336364843.jpg","width":550,"copyright":"Copyright notice","properties":{"whitelabel":false,"embed_button":"enabled","title_link":"infogram","custom_logo":"none","user_embed_button_text":"Share","decimal_separator":".,"},"elements":[{"type":"particle","particle_id":10446427,"object_id":"7391c4d9-e9c2-11e4-a037-7b5f270fdca9","particle_type":"maintitle","picture":null,"text":"pension crisis","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3968,"object_id":"1336365206","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336365206.gif","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3964,"object_id":"1336364843","particle_type":"quote","picture":null,"text":"credit rating: Chicago","content_type":"","title":"Standard and poor, fitch: reaffirmed at A+","shrink":null},{"type":"particle","particle_id":3966,"object_id":"1336364910","particle_type":"quote","picture":null,"text":"GENERAL OBLIGATION RATING: FROM STABLE TO NEGATIVE","content_type":"","title":"MOODY&#39;S","shrink":null},{"type":"particle","particle_id":3967,"object_id":"1336365044","particle_type":"bodytext","picture":null,"text":"For each $100 million borrowed, a one-notch drop in the credit rating would cost Chicago $3.3 - $4.5 million dollars. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3969,"object_id":"1336365289","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336365289.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3970,"object_id":"1336365294","particle_type":"bodytext","picture":null,"text":"March Unemployment Rates: Increase in employment across all 12 markets in Illinois","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3971,"object_id":"1336365349","particle_type":"bodytext","picture":null,"text":"Government, Professional and Business Services, Financial Services, General Services and Tourism Employment: Generally down","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3972,"object_id":"1336365430","particle_type":"bodytext","picture":null,"text":"Retail and Manufacturing Jobs: Generally up","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3973,"object_id":"1336365528","particle_type":"bodytext","picture":null,"text":"State Employment Rate: 9.1 (Down from 8.8)","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4002,"object_id":"1336368912","particle_type":"bodytitle","picture":null,"text":"democrats want it to be tougher to increase pension benefits. republicans want to raise state income tax or sales tax and combine the offices of treasurer and comptroller","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3995,"object_id":"1336367636","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336367636.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4006,"object_id":"1336369881","particle_type":"bodytitle","picture":null,"text":"Keeping Citizen watchdogs interested in smaller taxing districts is tough; taxpayer dollars inherently vulnerable when only one person is in charge of small town finances ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4004,"object_id":"1336369319","particle_type":"bodytext","picture":null,"text":"Approval rating rebounds from 23% to 30% - 36%","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3974,"object_id":"1336365824","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336365824.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3976,"object_id":"1336365900","particle_type":"bodytitle","picture":null,"text":"GOV. QUINN PROPOSES CIGARETTE TAX INCREASE. MADIGAN &#39;LACKS&#39; VOTES.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3977,"object_id":"1336365982","particle_type":"bodytext","picture":null,"text":"People are unenthusiastic about increases in taxes or using smokers as sources of revenue.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3988,"object_id":"1336366919","particle_type":"bodytext","picture":null,"text":"Some concerned citizens ask to close corporate loopholes and increase revenue in other areas.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3978,"object_id":"1336366080","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336366080.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3979,"object_id":"1336366086","particle_type":"bodytitle","picture":null,"text":"trimming the fat: Gov. Quinn takes strident action in proposing cost cutting measures.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3980,"object_id":"1336366110","particle_type":"bodytext","picture":null,"text":"-Gov.&#39;s Rebalancing Initiative: Aims to pare costs and move residents to community based living arrangements; Closure Plan hailed by activists. Implementation includes transferring 20 residents each month over three years. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3981,"object_id":"1336366225","particle_type":"bodytext","picture":null,"text":"ILLINOIS POLICE BLOWBACK: Cook County Sheriff Tom Dart says the $55 million saved by cutting preschool programs will result in $200 million in increased criminal social service, along with more school drop outs, and more crime and more violence.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3984,"object_id":"1336366729","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336366729.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3983,"object_id":"1336366643","particle_type":"bodytitle","picture":null,"text":"STATE EMPLOYEES CASHING IN PUBLIC PENSIONS OVER FEARS OF LOSING BENEFITS","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3985,"object_id":"1336366767","particle_type":"bodytext","picture":null,"text":"As a result, 4,000 jobs statewide are vacant: one employee not contributing to the retirement system but is on the other hand actually receiving a benefit.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3999,"object_id":"1336368065","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336368065.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3990,"object_id":"1336366926","particle_type":"bodytitle","picture":null,"text":"TEACHERS GATHER IN NAPERVILLE TO DISCUSS PENSION ISSUES.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3982,"object_id":"1336366637","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336366637.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3992,"object_id":"1336367285","particle_type":"bodytext","picture":null,"text":"TRS pays $1 Billion in fees to hundrends of financial managers over the past decade for a paltry return of 3.7%; blamed on bad economy, not advisers. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3997,"object_id":"1336367743","particle_type":"bodytext","picture":null,"text":"Other proposed changes: 3% increase in employee contributions from 9.4% to 12.4%","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3991,"object_id":"1336367084","particle_type":"bodytitle","picture":null,"text":"TEACHERS&#39; RETIREMENT SYSTEM IS THE STATE&#39;S BIGGEST PENSION FUND WITH $37 bILLION IN ASSETS; HAS ONLY 45% OF NEEDED FINANCING, LONGTERM UNFUNDED OBLIGATION OF $80 BILLION","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":3996,"object_id":"1336367652","particle_type":"bodytitle","picture":null,"text":"GOV. Pat Quinn suggests moving costs of pension programs to suburban and downstate areas of chicago, noting that they contribute nothing to chicago&#39;s teacher pensions","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4005,"object_id":"1336369863","particle_type":"bodytext","picture":"http://s3-eu-west-1.amazonaws.com/infogram-particles-700/1336369863.jpg","text":null,"content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4009,"object_id":"1336370130","particle_type":"bodytext","picture":null,"text":"Not all board members live in Cicero; one, Craig Pesek lives in Westchester. He and his brother have profited highly from town government, making more than $850,000 under Town President Larry Dominick.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4003,"object_id":"1336369136","particle_type":"bodytitle","picture":null,"text":"GOV. PAT QUINN HIRES GARY HANNIG TO RUN HIS LEGISLATIVE OPERATION; GOV. QUINN MAY BE AUTHORITATIVE ENOUGH TO RE-ELECTION","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4007,"object_id":"1336369976","particle_type":"bodytext","picture":null,"text":"Cities and towns should post annual audit reports, monthly finances, and other financial records in online database.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4008,"object_id":"1336370036","particle_type":"bodytitle","picture":null,"text":"CITIZENS OUTRAGED BY RAISES, BONUSES, AND BACKLOADING DUMPED ON STRUGGLING PROPERTY OWNERS.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4011,"object_id":"1336370339","particle_type":"bodytitle","picture":null,"text":"board members of cicero library get free health-care coverage, which amounts to $100,000 of the library&#39;s operating budget.","content_type":"","title":null,"shrink":null}],"theme":{"createdAt":"2016-04-22 07:54:06","updatedAt":"2016-09-02 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