Castro pension consolidation law upheld by Illinois Supreme Court

In a unanimous decision issued Friday, the Illinois Supreme Court upheld the constitutionality of local pension fund consolidation contained in a 2019 law sponsored by State Senator Cristina Castro.

“This is a victory for taxpayers and first responders across Illinois,” said Castro (D-Elgin). “This consolidation is already producing positive returns, underscoring the importance of addressing our state’s most pressing financial issue.”

Castro’s law – which passed under Senate Bill 1300 – enabled downstate fire and police pension funds to be consolidated into two separate funds over a 30-month period beginning in January 2020. Since the law took effect, the Firefighters’ Pension Investment Fund has added more than $40 million in value through investment returns and seen a reduction in fees and expenses of $34 million. This has led to a reduction in statutory minimum contributions, saving money for local governments and taxpayers.

As of September, the law has enabled the consolidation of nearly 300 pension funds with $7.9 billion in total assets. It was expected that annual returns would measure around 7.1%, but the Fiscal Year 2023 rate of return was 9.7%.

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Preston’s new measure sets precedent for consumer food health and safety

CHICAGO — State Senator Willie Preston  introduced new legislation to ban harmful chemicals in candy, soda and other food items sold and produced in Illinois.

“This legislation, in its simplest form, increases food safety for Illinoisans,” said Preston (D-Chicago). “These substances have been used in food for decades, and new evidence shows they can pose serious threats to our health and to the health of our kids.”

Senate Bill 2637 – the Illinois Food Safety Act – will ban specific, dangerous food additives from being used in the manufacturing, delivering, distributing, holding or selling of food products. These additives include brominated vegetable oil, potassium bromate, propylparaben and red dye no. 3.

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Teachers could see classroom planning time each day under Loughran Cappel proposal

SPRINGFIELD – In an effort to prioritize educators, State Senator Meg Loughran Cappel introduced a measure that would guarantee teachers have classroom planning time built into each school day.

“During my 15 years in the classroom, I experienced firsthand the struggle many teachers face when trying to find time to plan,” said Loughran Cappel (D-Shorewood). “Teachers are often forced to plan lessons before or after school. By providing time during the school day, we can ensure better quality plans while avoiding extensive hours outside the classroom for educators.”

Senate Bill 2721 would guarantee that every teacher receives at least 45 minutes of continuous, uninterrupted individual classroom planning time per day. The requirement would apply to all public school districts in Illinois.

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Local Journalism Task Force outlines findings, potential policy changes

SPRINGFIELD – Illinois and the nation are in the midst of a local journalism crisis, with news outlets closing or shrinking at an alarming rate. State Senator Steve Stadelman and the members of the Local Journalism Task Force spent the last year studying the decline of local journalism, and outlined its findings and policy recommendations at a news conference Wednesday.

“As local journalism declines so does the checks and balances on democracy. It’s an issue facing newsrooms across both the state and nation – due in large part to dwindling revenue that leads to a dwindling number of reporters,” said Stadelman (D-Rockford). “A disruption in finances is a disruption in talent. It was long past time for us to have serious conversations about the future of journalism and how that affects the future of our communities.”

Stadelman – a former TV news anchor – chaired the Local Journalism Task Force. Representatives from media, academia and government met nearly a dozen times throughout the previous calendar year to study the decline of local media, its impact on democracy, and potential policy changes that could increase revenue to newsrooms across the state.

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