S&P Global Ratings said Illinois’ public pension systems are in trouble, and will get worse thanks to the Illinois Exodus and because state leaders refuse to fix the problems.
Fiscal watchdog Truth in Accounting’s July 2021 report showed the Windy City’s pension-fueled debt rose by $2.3 billion from 2019 to 2020 despite receiving substantial federal aid during the pandemic.
Out of 150 cities, Chicago came in almost at the bottom when the quality of city services and the total budget per capita were ranked, confirming what most Chicagoans already knew.
A Board of Review employee claims corruption is rampant in his Cook County office after an FBI affidavit states he was charging $2,000 to lower assessment on commercial properties and $1,000 for homes.
The first step of passing a budget is to determine how much is available to spend. Illinois routinely misses the mark in estimating future revenues. There is a solution.
Illinois state lawmakers want voters to hand over Illinois’ economy to unions. Before voting for the measure, they received $15.1 million in campaign cash from those unions.
The Illinois General Assembly voted for a decade to eliminate annual cost-of-living adjustments for lawmaker salaries after the Great Recession. Now, former state lawmakers are suing the state to put that money right back into politicians’ pockets.