Just like the mortgage bond crisis, this crisis stems in large part from a lack of transparency. There is no realistic way for the wide variety of stakeholders: – Current and future customers of municipal bonds issued in Illinois (general obligation, pension obligation, working cash, life safety, more) – property taxpayers – income taxpayers – those contributing to the pension system – those receiving a pension to calculate risk of the state and local municipal bonds and the 18 pension funds in the Illinois Pension Code. Of those 18 pension funds, Downstate Police and Downstate fire (all police and fire… Read more »
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.
Just like the mortgage bond crisis, this crisis stems in large part from a lack of transparency. There is no realistic way for the wide variety of stakeholders: – Current and future customers of municipal bonds issued in Illinois (general obligation, pension obligation, working cash, life safety, more) – property taxpayers – income taxpayers – those contributing to the pension system – those receiving a pension to calculate risk of the state and local municipal bonds and the 18 pension funds in the Illinois Pension Code. Of those 18 pension funds, Downstate Police and Downstate fire (all police and fire… Read more »