Tuesday, September 24, 2019

Administrators over kids: Seven ways Illinois’ education bureaucracy siphons money from classrooms – Wirepoints Special Report

Listen to Illinois education officials’ demands for more money and it’s easy to believe Illinois grossly underspends on K-12 education. But the truth is Illinois already spends more on education than any other Midwest state. It’s just that much of the money is going to all the wrong places. Billions of dollars are being siphoned away from the state’s poorest districts by the state’s burgeoning education bureaucracy.

Beyond Harvey: Many Illinois municipalities running out of options – Wirepoints Special Report

Wirepoints has performed an analysis of 180 Illinois cities with both a dedicated police and fire pension fund, examining their finances and their pensions. The findings, which will be released in a forthcoming paper, are alarming. Look at the numbers – at the collapsing funding ratios, broken budgets, and unsustainable tax burdens – and anyone can see that many cities aren’t far off from a breaking point.  

Harvey, the first domino in Illinois: Data shows nearly 400 other pension funds could trigger garnishment – Wirepoints Special Report

You’d be mistaken to think Harvey, Illinois has a unique pension crisis. The mess is everywhere, from East St. Louis to Rockford and from Quincy to DanvilleA review of Illinois Department of Insurance pension data shows that Harvey could be just the start of a flood of garnishments across the state.

Illinois’ regressive pension funding scheme: wealthiest school districts benefit most – Wirepoints Special Report

The state's teacher pension funding scheme, where one unit of government doles out benefits while another one pays for them, has destroyed accountability and driven up taxes on struggling Illinoisans. And it’s regressive. Rep. McSweeney is wrong to ally himself with the IEA to block a pension cost shift.    

Why Rauner’s failures justify a reform agenda in Illinois

Gov. Bruce Rauner’s leadership failures have deflated the political pressure for reforms in Illinois. But his inability to change anything, ironically, only strengthens the case for structural reforms. The longer Illinois’ status quo policies remain in place, the more this state will continue to decline.

Springfield fiddles while Illinois cities burn – Wirepoints Special Report

Special report: Decades of state mandates have pushed up costs, taxes and debts to unsustainable levels for many cities. They’re either at the brink of bankruptcy because of unfunded pensions or have lost people and businesses due to high taxes and fewer services. The most unfortunate cities, like Danville Illinois, are suffering from both.