-- Connecting the dots between our economy, government and business --
The unfunded actuarial liability (UAL), grew from $9.6 billion in FY2016 to $10.9 billion in FY2017, mainly due to the assumption changes. The actuarial funded ratio fell to 50.1% from 52.5% in FY2017.
Commment: Yet Pritzker in last night’s debate refused to criticize the guy.
Comment: Check out the taxes. $13K in South Carolina, $23K in California and $33K in Illinois.
Illinoisans don’t like how they’re being disrespected by their politicians – paying ever-higher taxes for ever-fewer services. So they leave.
One of those people leaving is a North Shore neighbor of mine moving to Colorado. For him, the calculus was simple. Stay and pay more and more for a government he trusts less and less, or leave and save $1 million dollars.
State Rep. Scott Drury, D-Highwood, who’s running for the Democratic nomination for Illinois Attorney General in the March 20 Primary Election, shared documents with Illinois News Network that he said shows in late 2016 Madigan asked him for campaign contributions in exchange for advancing legislation Drury was pushing.
Nonbinding referendum is on the ballot.
On Wednesday, it became clear a majority of Cook County Board members learned nothing from the soda tax debacle.
Despite hours of pleas from dozens of south suburban municipal leaders and economic development boosters, the board’s finance committee sided with trade unions and voted 12-4 to require private developers to pay prevailing wages and hire apprentices in order to take advantage of popular property-tax incentive programs.
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