-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Summary and audio linked here.
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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Audio and summary
Confused. With regard to replenishing UITF state unemployment fund article states:
“Additionally, the agreement makes reforms to the unemployment insurance system, most notably, increasing the target UITF solvency balance by 75% from $1B to $1.75B and expanding the taxable wage base by 2.4% annually from 2023 to 2027”
who pays for–“expanding the taxable wage base by 2.4% annually from 2023 to 2027”??
Employers pay it. That’s the whole point of our earlier column on this. The state did give a loan to the fund of 450M, but that has to be paid back by the fund and its only source will be employer taxes.
Yes, and that’s GIGANTIC!!! and nobody in press is reporting on it