Earlier this week, Quaid of WTAD’s News Roundtable took a deep dive into Wirepoints’ recent piece: The Harvey fallout: Are Illinois public safety pension trustees protecting police and firefighters?
Quaid has been following the growing pension crisis in Harvey closely over the past few months and was glad Wirepoints addressed an important question: Why hasn’t there been a rush by police and fire pension trustees to intercept the money cities owe their funds?
His analysis of Wirepoints’ piece 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.