Tag Archives: Illinois Budget

Frustrated? Call (217) 782-5350. Ask for Mike.

We have 19 days until the end of the legislative session, and how have we spent the month of May so far? We didn’t meet at all during the first week, and this past week was spent passing resolutions and … Continue reading

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If Hypocrisy Was Helium, We’d All Be Talking With Funny Voices

Last Wednesday, this sign graced a number of desks on the Democrat side of the aisle and greeted Governor Rauner as he entered the Speaker’s well of the Illinois House to give his annual budget address. During the speech there … Continue reading

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Illinois Can’t Balance It’s Budget by Taxing Retirement Income

Back in December, the Northwest Herald ran a story about a proposal to make retirement income subject to Illinois income tax. On December 2, Rep. Dave McSweeney sponsored House Resolution 890, which states that: “We state our belief that the … Continue reading

Posted in Public Pensions, Uncategorized | Tagged , , | 1 Comment

19% of Illinois’ Budget Goes to Pensions, and That Number is Going UP

24% of Illinois’ 2017 budget will go to fund the state’s 5 pension plans. Is it any wonder that state services are falling by the wayside? Continue reading

Posted in Public Pensions | Tagged , , | 4 Comments

The Albatross Around Illinois’ Neck

When talking about the pension problem in Illinois, everyone focuses on the $100 or so billion underfunding. But the problem is not just the underfunding, it’s the amount the state needs to contribute to the plans each year to move … Continue reading

Posted in Illinois Budget, Public Pensions | Tagged , , | 4 Comments