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WirePoints
Chicago, IL, United States
Chicago, IL
WirePoints News
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In Ted Dabrowski’s eyes, Illinois lawmakers' track record of financial failures are almost as endless as the state’s ever-increasing debt load.
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Illinois's "other debt disaster" is $73 billion in unfunded state retiree health insurance benefits and more than twice that amount owed over the next four decades, according to a special report issued this week by an online news outlet.
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How much closer to Detroit or Puerto Rico must Illinois go before it reforms?
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Ted Dabrowski predicts you haven’t heard the last about the new school funding formula that critics charge was written by unions as a way of getting their hands on more state tax dollars.
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Illinois taxpayers today owe billions toward the state’s unfunded pension liabilities, according to a report from the economics website Wirepoints.com
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If you want to understand Illinois’ corrupt budget making process, take the example of how the legislature just “cleaned up” some of its unaccounted-for budget deficits.
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The founder of Wirepoints believes issuing bonds to pay toward pensions won't fix the problem Streator is having for fire and police retirees.
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While Better Government Association (BGA), a nonpartisan watchdog group in Illinois, says residents are leaving the state for reasons other than taxes, Wirepoints calls the data distorted.
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Illinois spends more than any other state in the Midwest on education, according to a report by Wirepoints.
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Illinois state government leaders say they will spend a record $38.5 billion and borrow an estimated $11.5 billion over the next year, according to a fiscal year 2019 budget plan approved by Gov. Bruce Rauner.
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An online news outlet's founder said he became ill when he heard an interview in which the Center for Tax and Budget Accountability's director advocated higher taxes in Chicago and Illinois to deal with the ongoing state and local pension crises.
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Illinois Comptroller Susana Mendoza is misleading the public by claiming that having a state budget in place has allowed Illinois to reduce its backlog of bills, fiscal experts say.
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The state of Illinois lost $9.9 billion in net worth in 2017, dropping its “total primary government net position” to negative $137 billion, according to the state’s newly released Comprehensive Annual Financial Report for fiscal year 2017.
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With Illinois’ decline in full display for the nation to see, proposals for fiscal and spending reforms should dominate the campaign and political landscape. After all, virtually every budget and economic trend in Illinois is pointing towards insolvency sometime in the near future.
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Gov. Bruce Rauner's decision to go on the offensive and attack Rep. Jeanne Ives (R-Wheaton), his challenger in the March 20 Republican primary, shows little regard for the truth and insults the intelligence of voters, the founder of an online news outlet said during a recent interview.
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Just halfway through the budget year, state lawmakers are already in a desperate search for new sources of revenue.
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Back in June, Gov. Bruce Rauner signed legislation, with no fanfare, that requires “implicit racial bias” training for public school teachers during in-service days.
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Ted Dabrowski points to what’s happening in the suburb of Schaumburg as Exhibit A in his argument over why property taxes are becoming higher and higher for many suburban residents.
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State Rep. Jeanne Ives (R-Wheaton) is running for governor, and a recent House vote on legislation that was sold as a freeze on property taxes, but what fiscal experts say was little more than a ruse, is a symptom of the reason why.
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A fast-moving bill to freeze property taxes in Cook and adjacent counties for two years isn’t nearly as bad as it sounds for tax-hungry local governments nor as good as it sounds for tax-weary homeowners, fiscal analysts say.
