-- Connecting the dots between our economy, government and business --
At about $9.9 billion, the state’s GRF pension payment was its single biggest expenditure for the current year, topping the $9.8 billion spent on K-12 education. And yet unfunded pension liability grew to $139 billion last year, despite the state having upped its pension contribution by $500 million beyond required levels over two years, including $200 million in the current year.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Audio and summary
Pritzker Prepares Another Smoke And Mirrors Fraud Budget