(Springfield, IL) — Governor Rauner hasn’t been able to push his plans to reduce union power through the General Assembly, but Rauner’s appointees have cut the flow of state investment money to a union-owned firm. Led by Rauner’s allies, the Illinois State Board of Investment voted to shift 65-million-dollars away from Ullico, a union-owned investment firm that lends money to construction projects, including dozens of Chicago high rises. Board members claim the move isn’t connected to Rauner’s union opposition, but was made to save fees paid to the money-manager.
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Colin McIntyre/sks