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Illinois is broke(n) ...

Re: Illinois is broke(n) ...

Illini is fine per the NCAA.
It's because it's what you call someone from Illinois.

The fact that Illinois is named for the Illini Confederation of Tribes escapes the NCAA.

#NCAAlogic
 
Re: Illinois is broke(n) ...

I attended an event recently where I was told that the State of Illinois is late or not paying its power bill to some of the rural electric cooperatives (RECs) in the southern end of the State.

A couple of those RECs have quite literally put the State on collection and disconnected them!
 
Re: Illinois is broke(n) ...

city of chicago schools just borrowed a hundred million from the teachers pension fund a little while ago. :D suckas!!!
 
Re: Illinois is broke(n) ...

mookie1995 said:
city of chicago schools just borrowed a hundred million from the teachers pension fund a little while ago. :D suckas!!!
Click to expand...

I believe Chicago Schools had to borrow a big number ($275M?) on the commercial market at 6% (which is interest rate larceny) just to cover expenses to the end of this school year.
 
Re: Illinois is broke(n) ...

Correct and correct. I posted some links in the States thread.

My job is at risk due to the impending government shutdown threatened to start midnight July 1st.
 
Re: Illinois is broke(n) ...

So, gridlock between parties, big egos and win at any cost mindsets, and no real budget since ... when?

I've heard that scenario somewhere else, ... but east of Illinois ... like between MD and VA. Awesome.
 
Re: Illinois is broke(n) ...

From the Sun-Times:
http://chicago.suntimes.com/politic...-or-illinois-faces-unprecedented-junk-status/
Illinois is one week away from going where no state has ever gone — into the ignominy of “junk bond” status.

Unless Gov. Bruce Rauner and the General Assembly put a budget in place by June 30, and a properly balanced budget to boot, Wall Street ratings agencies are expected to rapidly downgrade the state’s credit to junk territory.

That distinction will cost everyone from Zion to Cairo, although, if coupled with another failure to fix how we fund education, the negative fallout will likely be felt nowhere more than in Chicago, with our already financially teetering school system.

With junk-rated Chicago Public Schools now paying the state’s legal maximum of 9 percent interest on a portion of the borrowing it has relied on to keep the doors open, the school system’s options for further fiscal juggling keep shrinking.
Click to expand...
Sadly, that’s always been what this fight was about: whether Rauner could leverage the worsening financial problems of the city’s schools to win political concessions from the Democrats who control the Legislature before the state’s own problems caught up with him.

The resulting impasse has wreaked havoc on the state’s universities and social service delivery system. But, as bad as things have been, they’re on the verge of getting even worse.
Click to expand...
As the state’s cash-flow difficulties become more severe, though, keeping that promise could mean a hit to other items the comptroller has treated as untouchable “core priorities,” such as the state payroll or pension contributions.
Click to expand...
 
The Sicatoka said:
I attended an event recently where I was told that the State of Illinois is late or not paying its power bill to some of the rural electric cooperatives (RECs) in the southern end of the State.

A couple of those RECs have quite literally put the State on collection and disconnected them!
Click to expand...

Also to add to similar stories, one DMV office in the suburbs was evicted last year due to non-payment. http://chicago.cbslocal.com/2016/03...om-drivers-license-bureau-in-western-suburbs/

This was following an attempted eviction two years prior of a DMV office in Belvidere, IL due to non-payment.
http://www.wifr.com/home/headlines/Belvidere-DMV-Getting-Evicted-269117731.html
 
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