Column: As new fiscal year draws near, current revenues look good – Champaign News-Gazette*

Jim Dey: "The federal-aid issue has been a source of contention between the governor and financial analysts at Wirepoints and Truth in Accounting. Critics have argued that the many billions in federal aid the state has received since the pandemic broke out has papered over its revenue problems. Pritzker has rejected that claim, citing revenue growth from traditional sources."
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ProzacPlease
3 years ago

If the federal revenue didn’t make much difference, why did the states need it?

Fed up neighbor
3 years ago

Pritzker math 3+3 = 9

Poor Taxpayer
3 years ago

Illinois does not have the change of a nickel. Pension costs are increasing at a increasing rate. This is unsustainable, must be changed ASAP or bankruptcy is inevitable.

Pat S.
3 years ago
Reply to  Poor Taxpayer

FYI: States cannot declare bankruptcy, cities and towns may.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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