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Category: pension

Categories IllinoispensionPoliticsRauner

Rauner appointee from Illinois Policy Institute hiding conflicts-of-interest

I spy with my Illinois eye. Downstate here. The Giant Pot of Money Shortly after Bruce Rauner was elected to Governor, he appointed Marc Levine to the Illinois State Board of Investment.    This important board manages the giant honey pot full of pension money on behalf of State of Illinois employees. This includes Illinois legislators and judges.   […]

Categories IllinoispensionPoliticsRauner

How Rauner profits: Illinois Policy Institute appointee doubled Illinois’ private equity investment

Summary: The Illinois Policy Institute’s Marc Levine was appointed to the Board of Trustee of, Illinois Teachers Retirement System (TRS) in April 2017.  TRS manages $44.8 billion on behalf of (non-Chicago) Illinois teachers.  Levine was appointed in January 2015 by Rauner to the Illinois State Board of Investment (ISBI), which manages $15.6 billion on behalf […]

Categories IllinoispensionPoliticsRauner

Sold out: Rauner cuts tax hike deal with Illinois Policy Institute

Illinois Republican voters, we’ve been had. Hoodwinked. Duped. Bamboozled. And we have Governor Bruce Rauner, his GOP lieutenants and the Illinois Policy Institute to thank for last week’s permanent 32% income tax increase. We can whine all we want about Madigan and the Democrats but they are doing what Democrats do. We elect Republicans to […]

Categories IllinoispensionPoliticsRaunerTrump

The I-74 Divide: Rauner Losing Downstate Over Budget Disaster

I spy with my Illinois eye. Downstate here. Liberal Republican Gov. Bruce Rauner is losing downstate voters…and their representatives. Sunday’s defection of 15 Republicans who voted for an end to Illinois’ budget impasse and AGAINST Boss Rauner’s wishes tells the tale. Illinois is still at risk of a credit downgrade to junk status if Rauner […]

Categories IllinoispensionPoliticsRauner

UPDATE: Is Rauner’s firm GTCR losing millions of dollars for Illinois?

Update 5/29/17:   Cost and Fair Market Value as reported in the Illinois State Board of Investments does not give enough information to know what the real returns are for any Private Equity investment.    The returns paid back to the pension fund are not known.  Also not known are how much money was paid in […]

Categories IllinoispensionRauner

LETTER: Why is Brauer taking a pension AND working for Gov. Rauner?

Is it true that former Rep. Rich Brauer started taking his state pension in 2015? Why is he taking a state pension and working for Gov. Rauner? Brauer was our Republican state representative in the 87th house district from 2003 to 2015. The district includes Sangamon, Tazewell, Logan, and Menard counties. Three months after his […]