SEC Investigating Illinois, California Courts Bless Layoffs

SEC investigating Illinois statements on pension fund

CA Court Rules Cities Can Unilaterally Lay Off Workers in Times of Financial Adversity; How to Protect the Workload and Safety of Remaining Workforce

Related posts here and here.

More. Illinois Shifts Reporting Standards:

A temporary income tax increase approved earlier this year is expected to raise between $6 billion and $7 billion annually, but analysts believe it solves only the state’s near-term fiscal crisis.

The Dems will be back for more. Much more. But who will be left to pay the public union piper.

Tribune:

Quinn said the SEC inquiry won't affect the planned bond sale.

"It's a nonpublic confidential inquiry. They wanted to just look at the (pension reform) bill that we passed ... and the pension borrowing," Quinn said. "But I don't see any problem there at all."

Oh, no problem. Governor Quinnocchio is on the case.