After Years Of Mockery, Illinois Is Finally Earning High Marks Over Its Finances – WBEZ (Chicago)

The positive uptick was becoming clear in February, when bond-rating agency S&P Global took note of improving fiscal conditions and issued a report titled, “Is Fiscal Stabilization on the Horizon for Illinois?” A month later, S&P moved the state’s outlook to stable and, with passage of a new budget that pays down borrowing, sees continuing encouraging signs with Illinois’ finances.
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Fed up neighbor
4 years ago

Of course fiscal stabilization is on the horizon, until the BAILOUT money runs out, no brainer on this one.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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