Posted on 07/01/2017 3:43:58 PM PDT by BackRoads775
Illinois started its third straight fiscal year without a state budget on Saturday, territory that could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket sales will halt, and the state's credit rating will be downgraded to "junk."
While a spending plan got early approval in the House on Friday, the chamber later adjourned for the day, with House Speaker Michael Madigan saying they would return Saturday — the first day of the new fiscal year.
(Excerpt) Read more at nbcchicago.com ...
What should be happening is that Madigan (and his daughter) get removed from power. He is actually the most powerful Democrat in the country right now.
Greece.
cut state legislators pay and benefits on the same percentage as all cuts as a whole!
Yeah right!?
Last I heard, no vote this weekend.
No budget vote this weekend. Instead a vote on a "revenue package".
Note to Illinois raxpayers: Incoming!!!
...taxpayers...
“Rauner is going to be more like Schwarznegger.”
You mean he’s been screwing his Mexican maid and she’s pregnant?
Don’t be silly. Schwarzenegger gave the CA Democrats pretty much everything they wanted. Now the state is completely controlled by Dems.
Lisa Madigan has done a good job as AG. She’s not the natural spawn of the execrable Michael Madigan and was only formally adopted when she was in her 20s. The worst she’s done is trade on his name recognition but she also was the first to file suit to remove Blago from office and has turned down chances to run for Senate or Governor in order to stay in her job as attorney general.
I can’t use the language to properly describe Michael Madigan on FR but she is not her step-father. Fair is fair.
“Don’t be silly. Schwarzenegger gave the CA Democrats pretty much everything they wanted. Now the state is completely controlled by Dems.”
Yeah, that’s true, but he also “gave us” a bastardo semi-Mexican “son” too!
“Lisa Madigan has done a good job as AG.”
So tell us just what has she done that’s resulted in the “betterment of Illinois” for the average citizen? As I read this $hit every day, I revel in the fact that there is at least one state ( and actually there are several ) that are circling the bowl faster than is California.
Will be interesting to see if state pensioners are in line ahead of Medicaid providers (to be paid):
“Friday’s ruling by the U.S. District Court takes the state’s finances from horrific to catastrophic,” Comptroller Susana Mendoza, a Democrat, said in an emailed statement after the ruling.
As a result of the court decision, “payments to the state’s pension funds; state payroll including legislator pay; General State Aid to schools and payments to local governments — in some combination — will likely have to be cut.”
And if the Comptroller doesn’t pay what the Judge says, because really, there isn’t enough money, then what? You can’t order something done and have dollars magically appear.
Yep, weird state bankruptcy or something? There have been several city/municipality/county bankruptcies around CA, not sure that a state is legally allowed? Will have to do some research.
as ye sow, so shall ye reap
“payments to the state’s pension funds; state payroll including legislator pay; General State Aid to schools and payments to local governments — in some combination — will likely have to be cut.”
The problem is, of course, that aside from payrolls, some of these other entities may also sue, and in the case of pensions, the Courts have already ruled that CONSTITUTIONALLY, the State of IL cannot muck with existing pensions. Schools and such are already "screaming" -- ok, granted that this is from people who can't manage efficiently in the first place -- if this results in loss of accreditation(s) then the downward spiral accelerates.
Taxes are likely to jump big-time, but of course THAT will also accelerate the toilet flush:
I have friends in IL who have beautiful homes in good neighborhoods, and good lives / livelihoods: Most figure on closing out their businesses (etc.), retiring early, and finding a nice little lakeside lot in TN, MO, or AR... Their big problem may be in selling what they have now -- who will buy at a "sellers" price?
Yup.
Good (but nowhere near fully inclusive) article on that:
http://market-ticker.org/akcs-www?post=232186
There's always this:
"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price."
-Vir Cotto, Babylon 5
Includes a 32% increase in the personal income tax rate to raise about $5 billion. And, per the article, the GOP is just fine and dandy with that.
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