Even more evidence Illinois can thank the federal government’s covid bailouts for its budget bonanza – Wirepoints
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
correction: the detroit arbitration materials are at https://www.lib.msu.edu/branches/bus/act312/
If you are not familiar with it, http://affordablehousinginstitute.org/blogs/us/ has done quite a bit of blogging about public pensions, notably in Detroit. If you like to do historical research, the mandatory labor arbitration awards between Detroit and its unions can be accessed at http://affordablehousinginstitute.org/blogs/us/ and virtually every arbitration ended up in some union demand being partially granted — even though the city was repeatedly presenting data predicting the collapse of the pension systems (and the city budget) for at least a decade preceding the bankruptcy filing. The collapse was foreseen by labor and management alike but nobody had the political will… Read more »
Oops, NOT everything reported here. Meant everything reported in traditional media.
Readers of your web site want facts. Readers of traditional news sources like the Sun Times want everything distilled to no more than a paragraph, and not too many numbers please. Most everything reported here is tainted by the reporters own opinions. Look at the story by RebelPundit on the failure to report on the Socialists and Communists at the CTU strike. Had a good conversation last week with an out of towner waiting for the El. He was an older gentleman who was somewhat familiar with the city’s problems. It was an eye opener though when I laid facts… Read more »