A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
The pension management fees should be addressed, Calper’s in California are reducing their fees for managers by 50% over 4 years. A few years back they were paying over $1 billion in fees that returned negative .7%. Now that the stock market is a little better returns are somewhat higher. The taxpayers are on the hook regardless of returns.