-- Connecting the dots between our economy, government and business --
Hundreds of millions of dollars saved. You’re welcome, Springfield.
No, unfunded pension liabilities are not measured on the assumption that all workers retire today.
Two-thirds of recent “education” spending increase—$3.6 billion—went to teacher pensions instead of classrooms. Hiking state income taxes in the name of education would lead to more of the same, barring reform. Politicians can move forward with a constitutional amendment to adopt a pension tax, which would trigger a massive wealth transfer from taxpayers to government worker pensions. Or they can do the right, albeit difficult, thing and pursue a constitutional amendment to reform the state’s pension clause to restore a balance between taxpayers and government workers.
Comment: In suburban Chicago, Rep. Peter Roskam’s challenger is a proud and vicious member of the left wing mob — Sean Casten.
Bridget Fitzgerald isn’t just any 30-year-old living with her mother and father. She’s a 30-year-old living with a mother who is a Cullerton, as in state Senate President John Cullerton (D-Chicago), the man to whom Fitzgerald will report in Springfield if she wins.
Her campaign has been bankrolled by Cullerton and his family to the tune of $1,022,863 as of Oct 19, according to the Illinois State
One of our sons is an emergency room physician and is now living with his family out of state, never to return. When a seriously ill or critically injured patient in his ER doesn’t respond to medical emergency resuscitation procedures, the patient is said to be “CTD,” circling the drain. Will Illinois voters continue to elect politicians who will keep the state of Illinois CTD?
Comment: The real answer is they won’t. Just dickering around the edges with non-answers.
Chicago Mayor Rahm Emanuel received a rating agency warning over the risks posed by pension borrowing while his successor was cautioned against a slip backward on Emanuel’s budget and pension funding progress.
Sales of homes in Chicago were down 16.6 percent in September from a year earlier, according to the data reported by Illinois Realtors, a statewide trade group. That’s the steepest decline in sales of any month since May 2011, when sales were off more than 17 percent.
A federal appeals panel has shelved an attempt by a group of downstate landowners to sue their county for setting property tax bills after only reassessing the properties in their township, effectively raising their tax bills by 25 percent, allegedly violating their constitutional rights to equal protection.
“Micromanaging the CPD through a federal court order isn’t just unjustified, it’s an insult,” he said. “We do not need to treat Chicago’s officers like some sort of rogue police department because of the actions of a few.”
RFPs and RFQs linked here.
Staggering pay in a poor school district.
Comment: Wow. SJR is typically union-friendly. Salute to any paper that bucks the opinion of most of its readership.
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