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Isabel’s morning briefing

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* Here you go…

posted by Isabel Miller
Tuesday, Jun 27, 23 @ 7:35 am

Comments

  1. ===Progressives launch their own campaign to flip school board seats nationwide===

    Here’s why this matters, for me.

    The idea/possibility of banning books or having “Christian” teachings supersede actual science for teaching… for me it’s more important to find science and open to free thoughts and reading literature or studying the statue of David, not as bad but important to art history…

    The reason the phony book banners and zealots hide in plain sight in these school board races is to spring upon the students and parents thoughts to education that are minority and divisive thoughts.

    It’s good to see this front is being engaged

    Comment by Oswego Willy Tuesday, Jun 27, 23 @ 8:02 am

  2. Need RNUG input on grains pension woes…can the state and other bodies continue as is or does a hardxhoiceneed to be discussed.

    Comment by Must win Tuesday, Jun 27, 23 @ 8:02 am

  3. Hard to square S&P’s admonishment about pensions with the fact that they just upgraded IL in February.

    Comment by Perrid Tuesday, Jun 27, 23 @ 8:27 am

  4. The S&P story on pensions is a reminder on why the Bears aren’t a top fiscal priority for Illinois.

    Comment by Steve Tuesday, Jun 27, 23 @ 8:40 am

  5. “We believe pensions have an elevated probability of stressing the state and local governments,” the report says.

    Was that report from 2003? 2007? 2011? 2015? Because it sure could have been. It’s just so stressful that all of the progress made in the last few years just continues to get dumped on.

    Comment by Ducky LaMoore Tuesday, Jun 27, 23 @ 8:50 am

  6. ===Hard to square S&P’s admonishment===

    The rating game is racket. Full stop.

    There are very few “rhymes or reasons”, but the one reason this racket exists is to make monies off phony criteria.

    Until these rating groups acknowledge the constitutional and legal state obligation(s) to debt and its payment, it’s a racket that Illinois is at the whim of silly thinking of any random day.

    Comment by Oswego Willy Tuesday, Jun 27, 23 @ 8:51 am

  7. OW makes an excellent point highlighting how strong the state guarantee on state bonds is. I believe Illinois is and has been historically among the top 6 states in the union regarding its constitutional guarantee to support state bonds.
    On the other hand we may be expecting too much if the rating agencies to ignore our failure to fund the pension systems according to funding recommendations from the pension fund actuaries.
    About the only Governor that met funding guidelines or did anything meaningful on this issue was Pat Quinn. Even with the Tier 2 change, our systems remain about the worse funded systems in America.
    S and P is only telling us what we already know. The pension systems are not being funded properly.

    Comment by Back yo the Future Tuesday, Jun 27, 23 @ 9:46 am

  8. I haven’t heard much about how the casino revenue will impact annual pension payments. Maybe we need a new ramp? No hurt in pushing it out to 2075, as long as we are still making progress on the funded percentage.

    Comment by supplied_demand Tuesday, Jun 27, 23 @ 10:24 am

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