Recent Wirepoints Originals
Illinois’ shrinking tax base: $310 billion in accumulated losses from out-migration (Part 3)
The problem with Illinois’ chronic outflows is that one year’s losses don’t only affect the tax base the year they leave, but they also hurt all subsequent years. The losses pile up on top of each other, year after year, damaging the state's tax base.
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The Chicago Teachers Union’s Venezuela solidarity trip: Salute to our tipster and certain teachers.
Thank you to our tipster for making this a national story and to teachers who know the difference between right and wrong.
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Collapsing interest rates are devastating for Illinois’ troubled pensions
The world’s collapsing interest rates have made survival that much harder for Illinois’ pension funds.
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Got a Problem With Hedge Fund Trying To Profit By Invalidating Certain Illinois Bonds? – UPDATED
An interesting debate has arisen on one particular aspect of the proceeding now pending in an Illinois court to invalidate certain state bonds.
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Illinois’ shrinking tax base: Loss in income is one of nation’s worst (Part 2)
Illinois is an extreme outlier nationally when it comes to losing people to other states through domestic out-migration. Unsurprisingly, it’s also an outlier when it comes to losing the incomes those people take with them.
Does anyone even read sun-times editorials? Hahahaha print media trying to adapt to a digital age, and still, few even care.
“Should Illinois close its public universities? Should it slash state aid to public schools, abandoning school districts for poor kids that have little property wealth to tax?”
Um, we’re spending over $3B per year on higher ed. How exactly would some cuts shut down the entire system? And there will be no abandoning poor school districts. Rather, the state would abandon the suburban school entirely (they’re already dangerously close), thereby enraging voters already spending well over $10,000 in property taxes.
“nobody is seriously arguing that the extra $3.4 billion in revenue would solve all the state’s financial problems, certainly not in short order. The point is to move in the right direction…”
“Move” LOL. They’re admitting this is just the start and that all rates will be raised immediately after passage. Can’t believe they printed that. Way to tip your hand, CFL.
Can anybody point me to who is on the Sun-Times editorial board? Who writes their editorials?
Mark–these are the folk st list as thier editorial board (seem like lightweights?). But this piece seems like it could have been writen by miller or cfl itself..back in 2017 when new ‘coalition’ took over st they promised a firewall between editorial writers and cfl. Who knows,,artical seems aimed at you, wp, ipi, and the few of us–why are they so concerned if tax is such a great idea??
https://chicago.suntimes.com/editorials
Classic FUD strategy. Also, I seem to recall reading once that Boss Mike has a sizable interest in the CST. Any truth to that?
Miller is far more skillful, far more clever. This article is pathetic on so many levels.
Miller’s writing style is passive-aggressive. If you’re the type to toe the company line and thus already inclined to buy what he’s indirectly selling, he can be persuasive.