Illinois Sets a New National Record: 774 Days Late with Financial Reporting – Truth in Accounting

5 Comments
Newest
Oldest Most Voted
Call my shrink
1 year ago

Its like one of the movies. You have to find an accountant with terminal cancer and promise to take care of his family if he signs off on it.

Hello, Indiana!
1 year ago

Had enough transparency regarding your “ seven years in a row “ balanced budget yet, IL?

Leaving Soon, just not soon enough
1 year ago

It takes time to find a CPA that will sign off on this report. The state is in dire straits and is hiding it from everyone. The truth be known Illinois is already bankrupt and cannot pay its future obligations. The taxpayer is really screwed now.

Where's Mine ???
1 year ago

Sheila Weinberg & Mendoza do a great job explaining what a con job joke the budgets are on G. Bishop-Illinois in Focus
Illinois releases audit for 770-day-old spending plan(https://youtu.be/p725AgxECPc?si=xkSpfYsKI851aS7x) 

Where's Mine ???
1 year ago

I see WP already previously posted, well worth listen.
Big point, by Weinberg, is the total state debt is “net position” $195 bil, not just included $145 pension debt for 2023. But who knows for 2024 as JB & pols claim balanced budgets, borrow, etc.? (I assume added net position debt is primarily due to OPED?)

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE