Stock market continues impact on Illinois’ pension investment returns – Center Square

Sheila Weinberg of Truth In Accounting explained how taxpayers are being affected by the happenings on Wall Street: “The taxpayer liabilities on these are volatile. If the market takes a hit, then the assets are worth less, and therefor in the future, taxpayers could be asked to contribute even more to their pensions to cover the gap.”

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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