Unbalanced Illinois…again and again and again
Illinois’ sham state budget is officially unbalanced yet again. The budget imbalance of $1.2 billion was confirmed to prospective investors in an upcoming bond offering.
Illinois’ sham state budget is officially unbalanced yet again. The budget imbalance of $1.2 billion was confirmed to prospective investors in an upcoming bond offering.
Because you get sued for lying to bondholders but not to voters.
Maybe over $1 billion? Easy.
The city may try to paper over its pension woes with new debt.
Comment: All true as far as this article goes, but how can you write this with no mention at all of the city and state financial issues? Still, our sources indicate Chicago is indeed on Amazon’s short list of sorts. Let’s hope (subject to seeing the full details of what taxpayers would have to pay) it’s true.
Comment: If somebody can name even one Democrat in the Illinois General Assembly who has worked to help business and employers, please name them and state why.
“Emanuel and every candidate on the ballot in 2019 should be on the hot seat regarding this question: Why should an elected alderman continue to act as a program administrator, in the dark, on an issue as expensive and important as workers’ comp? And why should he (or anyone) operate outside the watchful eye of an inspector general?”
Comment: We wrote earlier that, while the human aspect of this tragedy is paramount, the financial liability of CPS is also a major concern. This new report certainly appears to significantly increase the likelihood that CPS will face massive liabilities. We will write again on that soon.
Comment: Rahm must need a larger pool of campaign contributors.
Vallas flatly predicted that the $1 billion project would never get built because of concerns ranging from environmental impacts, regulatory approvals and financing costs to what lies underground and Musk’s unproven, low-cost, high-speed tunneling technology.
Perspective from a border city.
Nippon Sharyo announced Thursday that it would be closing its Rochelle plant at the end of this month after a failure to deliver 130 bi-level Amtrak passenger cars for Illinois and California.
Finally.
Comment: Why not play social justice warrior with pension money? After all, if returns fall short, taxpayers have to make up the difference.
“Rauner needs to stand up for the nearly one million sole proprietors, veto HB 2624 and give residents of Illinois access to affordable health insurance that never materialized under the Affordable Care Act.”

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