Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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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.
Second City Teachers is the successor to Substance a “reform” group created by the late George Schmidt. George was a good friend though radically liberal. He documented school waste and child abuse in the 70’s but was crushed by Union leaders Robert Healy, Jacqueline Vaughn and a guy named Reese. Good luck to SCT, but the battle is lost!
I’m surprised their not insisting on divesting from Israel on the taxpayers dime?
“‘My report was mostly covered up by the Chicago media,’ [pension consultant]Tobe said.” His report is linked, if anyone wants to read it. It would have benefited from a succinct bullet-point summary. I wouldn’t want to overestimate the conscientiousness of Chicago media, but it’d take a fair amount of time to write a concise article about this. It appears that the problems include poor investment returns (tho I did not find any specific figures or comparisons), excessive and hidden fees (certainly a failure of pension fund management), and the City’s failure to provide sufficient funding. All aggravated by the pension… Read more »
What??? The grifters of CTU like Stacy Davis Gates and her water bill/property taxes scams are also scamming their own pensions? You mean that CTU thieves cant be trusted even among their own band of thieves? Whodathunk it? Looks to me like just more proof that all CTU members are criminals awaiting their own special corner of hell.
This is what I have been saying for years now including contacting my state Rep many times about the lack of transparency on pension management fees. For a select few politically connected the fees are King Solomon’s Mines for them. How many hands are in the funds before the pensioners get their money? How much money was lost due to the loss of compounding over decades? But does it matter when the taxpayer is on the hook regardless of returns or the cost of implementing the pensions.
SURPRISE……SURPRISE