Illinois’ debt per student is the 11th highest of any state in the nation. It is almost 15 percent higher than the national average of $8,764.View Report
House Bill 3004 would have put banks and bondholders ahead of taxpayers and those who rely on government services. But Gov. Bruce Rauner’s amendatory veto strips the bill of those bailout provisions.
Union officials have voiced concern over contract issues such as the CTA seeking higher worker contributions toward health insurance and the elimination of “inefficient practices.”
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
Illinois spends three times more on workers’ compensation for railroad construction and maintenance than neighboring Indiana.