Organization opposes federal bailout for Illinois – Center Square

"Wirepoints recently estimated that 44 states are sunning surpluses for fiscal years 2020 and 2021 when COVID-19 relief and budget reserves are included. The six outliers: Illinois, New York, Maryland, New Jersey, Hawaii and Nevada have pre-existing spending problems or rely heavily on tourism."
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Riverbender
5 years ago

Well Governor instead of blaming the citizens that didn’t pass your tax hike perhaps you should consider that these citizens are tired of all the runaway spending.

Fed up neighbor
5 years ago

Over $200 million of that debt is unfunded pensions and retiree healthcare benefits, I think they made a boo boo shouldn’t it be 200 billion plus??? That would be a blessing if it was 200 million.

Last edited 5 years ago by Fed up neighbor

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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