Of that, $91 million in gross investment earnings was earned for cities, villages, school districts, counties and other units of government that take part in the Illinois Funds local government investment pool operated by the State Treasurer’s Office.
Well, DUH! Everybody knows the market was up 12 percent or so recently. Any dope with a Schwab account did the same thing. Did our esteemed Treasurer beat the indexes? Nope. So what’s to brag about?
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.
Well, DUH! Everybody knows the market was up 12 percent or so recently. Any dope with a Schwab account did the same thing. Did our esteemed Treasurer beat the indexes? Nope. So what’s to brag about?