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Category Archives: Illinois Budget
Cost Shifting is Buck Passing By Another Name
Governor Rauner certainly got everyone’s attention last week when he proposed that the employer’s share of pension costs be shifted from the State to local school districts. . The pension shift has been a topic of conversation for some time. … Continue reading
Posted in Illinois Budget, Public Pensions Tagged Cost Shift, Public Pensions Leave a comment
So What? It’s Not My Money.
“A billion here, a billion there, and pretty soon you’re talking about real money.” – Everett Dirsken When you’re as broke as we are here in Illinois, you don’t have that much margin for error. That’s what leads us to … Continue reading
Posted in Cost of Government, Illinois Budget 2 Comments
Sometimes You Have To Hold Your Nose And Vote “Yes”
On Monday, the House finally passed an education funding bill. The last time the legislature passed a funding bill was in 1997, and in those 20 years, the formula has been changed to the point where the original was barely … Continue reading
Posted in Education, Illinois Budget, Property Taxes Tagged Chicago Public Schools, Education, Education Funding Leave a comment
OK, Mr. Speaker, the Ball’s in Your Court.
The Governor has issued an amendatory veto to Senate Bill 1, and the gnashing of teeth and rending of garments has begun. Chicago Mayor Emmanuel, who’s staring into an abyss not completely of his own making but which is now … Continue reading
If Not SB 1, Then What?
As I said in my previous post, my problem with SB 1 is the fact that it provides for funding of the Chicago Public Schools’ (CPS) normal pension cost within the framework of a bill that’s supposed to focus on … Continue reading
Posted in Education, Illinois Budget, Public Pensions Tagged Chicago Public Schools, Education Funding, Public Pensions Leave a comment