by meep
You knew this one was coming. We all knew this one was coming.
Let me sample from a recent interview with Lori Lightfoot in the NY Times
Q: Let’s talk about the city’s financial situation. You’re facing a near-billion-dollar budget gap. That would be hard to address during an affluent...
by meep
This is a combination & edit of two older posts, both from May 2015: Illinois Pensions: How Did We Get Here? The 1970 Constitution and Illinois Pensions: How Did We Get Here? Development of Unfunded Liability, as well as updating a few graphs to the most recent data...
by meep
California bumped Illinois from first spot, but Illinois has a lot of issues, and, unlike California, we’ve not heard about a single proposed budget cut yet.
Oh, and they’ve been issuing bonds with some of the highest yields in the muni market because of course they are.
So let’s hit the...
by meep
I started this post early this morning. That’ll teach me to take several hours to write stuff [and do my job, take care of my kids, and celebrate my birthday]. The older stuff is still relevant…. just not as an eye-grabber as the following story:
McConnell says he favors allowing...
by meep
Illinois asks for a huge chunk of change to pay for their underfunded pensions.
I object to that.
by meep
[Just to clarify: the proposal is to put a bunch of plans in two piles. I just didn’t want to change the blog post title.]
The governor of Illinois has released a report:
Report to Governor JB Pritzker
Illinois Pension Consolidation Feasibility Task Force
October 10, 2019
Executive Summary
Of the financial challenges facing the...
by meep
I’ve not been blogging about Chicago/Illinois pensions much this summer… mainly because I’ve been very busy and been having pain issues. (I’m trying a new treatment next Thursday…here’s hoping it works!)
But it seems like a good time to do a summer wrap-up over what’s been going on. Especially since...
by meep
There’s other death talk around… but I have my own interests.
If you’d like to know my opinion, check this out from 2015. Someone else got more specific, and the point is to de-sensationalize events where people are looking to make a sensation.
If you want to talk...
by meep
Big win for tax hikes, big trouble for the middle class
(In Illinois)
On Monday [May 27], the Illinois House of Representatives voted to amend the Illinois Constitution by adding progressive income tax language. The amendment passed 73-44-1 on party lines. It will now end up on the ballot next year...
by meep
Remember how I mentioned some Spokane teachers got a raise…and then others got fired?
Well, the same thing has happened in Houston, to firefighters.
How Can a City Issue Pay Raises and Layoff Notices in the Same Week?
Houston’s standoff over pay parity between firefighters and police officers is coming to...
meepbobeep
Additional: As an Amazon Associate I earn from qualifying purchases. If I remember to link them.