Ted Dabrowski was on WTAD earlier this week discussing the implications of the downstate pension crisis and why Illinois politicians in Springfield don’t seem to care about the financial stress hitting both community budgets and resident wallets across Illinois.
Interview begins at 11:00
Read more about the crisis here:
Special Report – Beyond Harvey: Many Illinois municipalities running out of options
Why a bankruptcy option for municipalities is essential
Second domino falls in Illinois: North Chicago revenues garnished for pensions
Harvey, the first domino in Illinois: Data shows 400 other pension funds could trigger garnishment
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
What about the school districts in Harvey? Superintendents making $225k/yr Look at the salaries and raises everyone gets in the school districts in and around Harvey and Illinois. More than half of your tax bills go to schools. It is not just police and fire. Here in Rockford the teachers got a $20.6M raise over 3 years without any public scrutiny all done behind closed doors and now the non union and the super also received raises. We also have pension pickup for teachers. It never ends.