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ARTICLE · 12 MAY 2015

Springtime In Chicago

Fox Rothschild LLP
Fox Rothschild LLP
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For the past 20 years, springtime in Chicago has meant one thing: the introduction of a Chicago casino bill in the Illinois legislature.

United StatesMedia, Telecoms, IT, Entertainment
Donna More
Donna More
William Bogot
William Bogot
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For the past 20 years, springtime in Chicago has meant one thing: the introduction of a Chicago casino bill in the Illinois legislature. This year is no exception.

To set the stage for our 2015 spring legislative session (which is scheduled to close at the end of May) one needs to be aware of certain realities in the state. First, Chicago's mayor and the new Illinois governor are "friends," past business associates and overall have a better working relationship than we have experienced in a number of years. Second, we are at the head of the class for our unfunded pension liability in both the state and the city. Finally, on May 8, 2015, the Illinois Supreme Court ruled that the Pension Reform Bill (which in part sought to reduce certain retirement benefits) that was passed in 2014, is unconstitutional. 

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