Another credit downgrade for the Chicago Board of Education’s debt demonstrates the urgency of immediate fiscal reforms.
If state politicians override Gov. Bruce Rauner’s veto of SB 1229, they would remove even more state spending from taxpayer oversight.
Through this latest bit of gamesmanship, Madigan delayed the enactment of the state’s uncontroversial federal-funds pass-through legislation.
Despite lacking a budget, Gov. Bruce Rauner is continuing CCAP for families currently receiving its services.
As Chicago slides toward insolvency, the Motor City is trending upward.
To craft a balanced budget, lawmakers must go back to the drawing board.
Chicago will continue to slide down the ratings table.
Amid the eighth week without a state budget, Illinois political gamesmanship rages on.
If the district can’t get its finances in order, expect more teacher layoffs, school closings and large tax increases on Chicagoans.
Illinois has spent millions of dollars on the deceased in recent years.
Illinois taxpayers spent $1.23 million this past year to provide health insurance to state lawmakers.
Failing to pass a balanced budget is of little consequence to the state’s political class.
Each Chicago household is on the hook for more than $63,800 in future tax bills – much of it for services already rendered.
UPDATED JULY 19: It’s almost inevitable that the state will violate either the Fair Labor Standards Act or the Illinois Constitution