Tag Financial Crisis
Interesting Illinois Pension Reform Discussion
So what do you think?
Thomson News
Remember Thomson? It is the location of the prison slated to become the stateside home of enemy combatant detainees currently housed at the military-run facility in Guantanamo Bay, Cuba. You might recall that quite a few Illinoisans bristled at the thought of suspected terrorists and enemies of the State becoming our newest residents. Even more bristled at the idea of selling the facility for roughly $170 million despite the facts that the mostly unoccupied facility has already racked up in excess of $164 million in state expenses and another $12 million in village expenses (and counting). (For those of you doing the math, that represents a net loss.) Prepare to bristle again as Thomson finds itself back in the news again. Read more
If It’s Broke, Then Fix It!
It was widely reported yesterday that our esteemed Illinois state government has moved ever closer to that ever-so-magical number of $4 billion in unpaid bills. The State Comptroller’s Office revealed that the tab has hit $3.99 billion! The silver lining: a backlog of almost $4 billion was being reported in December of last year! Standing pat is progress, right? The silver lining, right? Read more
