Posted on 01/01/2017 11:14:06 AM PST by george76
Illinois state government has left the people of the Prairie State quite the stocking stuffer this holiday season: an $11 billion bill backlog that is expected to hit $14 billion by summer 2017. However, with money from a June stopgap funding agreement set to run out by the new year, nonprofit service providers and students receiving state grants may view it more as a lump of coal.
Funding for service providers hasn’t been a priority for the General Assembly for quite some time. Service providers wait, on average, nearly a year to be paid. Illinois politicians have been delaying payment to service providers since 2002, valuing increases in government-worker salaries and pensions more than compensating those who aid the most vulnerable Illinoisans. Spending on state-employee pension benefits increased 586 percent from 2000 to 2015, yet funding for human services only increased by10 percent during that time.
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The state’s total pension debt has swelled to $130 billion, up 17 percent since 2015.
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Illinois’ tax revenues have increased 70% more than inflation over last 3 decades
A lack of revenue is not driving Illinois’ pension problem.
(Excerpt) Read more at illinoispolicy.org ...
Probably just means succeed and form another state vs. leaving the country.
Yep, Illinois should EVICT Cook County & Chicago and make them take their debt with them.
At one time that was the size of our total national debt.
Chicago Tribune Reports on Illinois Lottery Corruption
https://illinoisfamily.org/gambling/chicago-tribune-illinois-lottery-jackpots-suppressed/
There it is. Thanks.
A whole lot of people belong in federal prison over that one.
Outlaw teacher unions, then fire every single one of them. The best of them can be rehired sans the union and the outrageous contracts.
Obama’s legacy.
Lets hear the Progressive war cry: Raise taxes on the rich and when we run out of them raise taxes on businesses and when we run out of them raise taxes on the middle class. Sooooommmeeeebbbboooodddies got to pay!!!!!
Trump is NOT going to bail out corrupt Democrats. Anyone with money needs to leave that State.
Like it or not Chicago is the economic powerhouse for the whole state. Removing it would cause more problems than it solves.
Illinois is bankrupt
war is the solution for bankrupt kings
Iowa has corn, lots of corn
The bigger salaries are paid by suburban school districts not Chicago. Nor are the pensions from Chicago teachers particularly outrageous.
One of our major problems is the Double and Triple dippers in the pension funds. Work job 1- retire-collect pension, get job 2, work - retire - collect pension #2, repeat.
It is interesting though, the thought of a fed govt. that is $21,000,000,000,000 in debt bailing out a govt. that is $11,000,000,000 in the hole.
plus another 130 billion in pension debt but yes its humorous.
they stopped for awhile but started back up ... couldn’t figure out why ticket sales were down
I guess it is only some zeros. Reminds me of the financial crisis during the Lehman failure. The Dept. of Treasury was literally bailing out banks by telling them to add one more zero to their books. This was via phone mind you. True story.
That (the drugs) ARE a big part of Chicago’s crime problems, true. But there are equally bad economic problems that would still exist even if the drugs disappeared tomorrow. IL is NOT a business friendly state, and the current Gov. (Rauner) is having a “h” of a time trying to get reforms enacted. Then there is the pervasive corruption, which is NOT limited to Chicago, tho’ the numbers there tend to be bigger...
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