Tag Archives: government

Quinn’s “Rendezvous with Reality” Has Arrived.

In his budget speech in February, Gov. Pat Quinn warned, “Our rendezvous with reality has arrived.” But we’re still waiting on the rendezvous with the reality of a public pension system that’s taking money from education and other vital needs. That is expected to arrive in January, probably with the help of nearly three dozen lawmakers who will be leaving office the day after casting their votes.

Squeezy-Mania Hits Illinois

In a mere 24 hours, Illinois has caught a severe case of Squeezy-mania, thanks to the Illinois’ pension predicament’s new mascot, Squeezy the Pension Python. Through no fault of his (her?) own, Squeezy attracted mostly derisive commentary when he/she debuted Sunday. Really, though, the video in which Squeezy appears offers a pretty good explanation the problem. Plus, it opens the exciting possibility of a pension reform bill written in Parseltongue.

Squeezy The Python Reboot Illinois Pension Issue

 

 

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Grayslake Pension Loophole Means Taxpayers Owe $500k more over 20 years

While lawmakers devise reforms for the state’s pension system, they should address loopholes that turn the system into a goldmine for a few select employees. Grayslake taxpayers will pay an extra $500,000 over the next 20 years thanks to a state pension law loophole that will benefit just a single former police sergeant, who is entitled to not just one annual 3 percent cost-of-living pension increase, but two, a judge ruled.

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Illinois is marching to the edge of its own financial cliff

Illinois is marching to the edge of its own financial cliff by failing to control its ever-growing pension costs, says the leader of the Illinois Chamber of Commerce. When the market collapsed in 2008, so did the bottom lines of the state’s pensions. “While the nation went through the worst recession in modern history, Illinois’ public pension funds still were projecting healthy returns with their heads firmly in the sand,” writes Doug Whitley. http://bit.ly/STkLId
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With IL Budgets Alreayd Slashed, So Happens When Tax Hike Expires?

Think things are tight now in the state budget, which this year saw slashed $300 million from education so the state could pay down bills and make the required payment to its pension systems? Imagine what it will be like when the current tax hike expires and the state must make do with a reduction of around $7 billion in tax revenue. Or should we say “if” the tax increase expires as scheduled?

Quote of the Day: Corruption

Quote of the Day – “Corruption is not funny and it is not free. It costs the taxpayers of Illinois more than $500 million per year.”

Via “Chicago and Illinois, Leading the Pack in Corruption,” University of Illinois’ Institute for Government and Public Affairs, April 2012

RebootIllinois_Corruption

Reboot Illinois’ Pension Amendment Guide

Been wondering about how to cut through all the noise and debate over the pension amendment? Here’s Reboot’s handy infographic on the ballot question…

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Illinois Cut 3% from K-12 Budget in FY13

Due to pension debt, Illinois cut 3 percent from its K-12 education budget in fiscal 2013. Commission on Government Forecasting and Accountability, reported in the State Budget Crisis Task Force Illinois Report

Reboot Illinois Fact of the Day k-12 education budget cuts Commission on Government Forecasting and Accountability, reported in the State Budget Crisis Task Force Illinois Report

Gov. Pat Quinn on Rep. Jesse Jackson Jr.

“It’s always helpful if you are in elected office, no matter what office, to provide as much information to your constituents and to the people as possible. I think that is the way government should be.” Gov. Pat Quinn, discussing the situation of U.S. Rep. Jesse Jackson Jr.

Meet Mike Madigan!

Chicago Tribune columnist John Kass is perhaps the most creative conjurer of politician nicknames in Illinois. Today he anoints Illinois House Speaker Mike Madigan (a favorite Kass target) the “Lord of Madiganistan.” Kass is writing about an offer from Illinois Republican Party Chairman Pat Brady (inventor of the “Fire Mike Madigan” campaign) to throw free “Meet Mike Madigan” parties for Democratic candidates if they’ll invite Speaker Madigan. Free sandwiches for all, says Brady. Festive!

 

 

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