Tag: Illinois budget

Illinois Comptroller Susana Mendoza warns: "not a penny available for hardship cases"

In August, Illinois will have more court-ordered payments for core and essential services than it have money to pay, according to Illinois Comptroller Susan Mendoza. So what will the courts do? “You can kiss what is left of Illinois goodbye.” What can the courts do? Nut cutting time is approaching.

Illinois' hidden state government debt=$51.9 billion

In addition to the crushing debt that everyone (except Democrats) is┬átalking about there is $51.9 billion that the state has hidden. Reports Truth in Accounting, a non-partisan government financial watchdog: Repeated decisions by state officials have left the state with a staggering debt burden of $210.4 billion, according to Truth in Accounting’s (TIA) analysis of... Read more »

Illinois' credit faces a "sort of" do or die moment

Moody’s Investor Service is weighing in again on Illinois financial crisis, threatening another downgrading of its credit rating if it doesn’t do something to resolve its budget stalemate in a couple of months, Reuter’s reports. The credit rating agency said the state is at a “critical juncture,” and failure to reach a budget consensus by... Read more »
Advertisement:

When will the Democratic sheeple in the Illinois House get sick of it all and boot out Speaker Michael Madigan?

The quick answer is the Democratic sheeple in the Illinois House will never get fed up enough to remove Michael Madigan as the Speaker of the House. That’s because Madigan controls their campaign funding and they owe too much for all the favors he has done them. And that they don’t give a damn about... Read more »

Hillary Clinton overlooks Illinois' robber barons of the 21st Century

“Democratic presidential contender Hillary Clinton delivered a surprising critique of Republican Gov. Bruce Rauner on Wednesday, accusing him of pushing an agenda that would return Illinois to ‘the robber barons of the 19th century.'”–Chicago Tribune One thing you can say about Hillary Clinton: She sure has balls. She overlooks who the actual robber barons are... Read more »

Brother, can you spare another $6 billion?

Illinois is heading toward a catastrophe. Public employee unions get stiffed, along with others. Illinois Comptroller Leslie Geissler Munger has warned ┬áthat “the State of Illinois is on pace to spend an additional $6.2 billion more than it receives in revenue this fiscal year alone if the state continues its current rate of spending without... Read more »
Advertisement:

Democrats plan to blame Illinois Gov. Rauner

There’s one thing that we should be able to agree on about the Illinois and Chicago financial crises: It’s not the fault of students wanting an education, poor people seeking medical care, drivers wanting decent roads, transit riders yearning for reliable service, battered children and women desperately needing help, the hungry looking for a nutritious... Read more »

Democrats have ruined Illinois

Democrats are poisoning Illinois and Chicago. Maybe it’s too obvious to state, but it isn’t said often enough. Or barely at all. Democrats have locked up the city and the state. They have supermajorities in both houses of the Illinois legislature. The governor is a Democrat. Democrats run two of the four major administrative branches... Read more »

IL temporary tax increases may not be so temporary

An increase of $7 billion is not enough to cover spending. To no one’s surprise. Illinois Statehouse News takes a closer look at what the state’s huge income tax increase is doing to extricate Illinois from its pathetic economic condition. Apparently, not enough. The article considers the possibility of making the tax increase permanent when... Read more »
Advertisement:

Quinn: "Liquidate" tobacco settlement fund

Remember the “tobacco settlement,” in which the cigaret companies agreed to pay billions and billions of dollars to the states in order to wage campaigns against smoking?  Illinois apparently has a pile of money left from that settlement sitting around, waiting to be spent on that campaign.  Now, Illinois Statehouse News reports that Gov. Pat... Read more »