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* From Wirepoints’ 2023 990…
…Adding… I didn’t notice the loans until ArchPundit pointed them out…
Others might call that a “death spiral.”
posted by Rich Miller
Thursday, May 30, 24 @ 2:01 pm
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Previous Post: What’s next after ‘Karina’s Bill’ stalls? (Updated)
Next Post: Isabel’s afternoon roundup (Updated)
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Maybe they should try running their business like IL government.
Comment by Excitable Boy Thursday, May 30, 24 @ 2:05 pm
Sad. So sad. Thoughts and prayers.
Comment by Shytown Thursday, May 30, 24 @ 2:06 pm
10/10 incredible troll. No notes.
Comment by pointy wires Thursday, May 30, 24 @ 2:07 pm
And yet the Trib and Crain’s continue to love to run their content. I wonder what the Illinois Policy Institute’s 2023 filing will look like - they had $2.5 million deficit in 2022.
Comment by Lynn Becker Thursday, May 30, 24 @ 2:14 pm
Thanks for posting, I needed a laugh
Comment by Morty Thursday, May 30, 24 @ 2:22 pm
Excitable Boy wins this one right off the bat. This is the definition of Schadenfreude.
Comment by New Day Thursday, May 30, 24 @ 2:23 pm
If you’re anti-government, aren’t you glad grants are severely down? Asking for a friend.
Comment by Lurker Thursday, May 30, 24 @ 2:32 pm
– MrJM
Comment by @misterjayem Thursday, May 30, 24 @ 2:37 pm
They should try living within their means.
Comment by JS Mill Thursday, May 30, 24 @ 2:42 pm
You’d think the 5 financial genius Wirepoints staffers would be able to figure out how to make that 294 grand in revenue cover their own 534 grand payroll.
Comment by Dance Band on the Titanic Thursday, May 30, 24 @ 2:59 pm
Sigh, I put the banned thing–Dabrowski & Glennon also loaned the organization around $35,000 each. Going great over there.
Comment by ArchPundit Thursday, May 30, 24 @ 3:09 pm
Always nice to have a good news post to cheer us up.
Comment by Keyrock Thursday, May 30, 24 @ 3:21 pm
Have they considered selling the Thompson Center?
Comment by Michelle Flaherty Thursday, May 30, 24 @ 3:24 pm
The loan repayment plan is a ramp that gets them to 90 percent funded in 2045.
Comment by Michelle Flaherty Thursday, May 30, 24 @ 3:27 pm
Any predictions how long they will last?
Comment by Mason County Thursday, May 30, 24 @ 4:07 pm
5 stars for the headline *****
Comment by Friendly Bob Adams Thursday, May 30, 24 @ 4:29 pm
Perhaps they can sell a few subscriptions to Richard Uline or spend the last few on a seminar by Miami Dan on how to get money from Richard without showing any success.
Comment by OneMan Thursday, May 30, 24 @ 4:45 pm
Even with prevailing wages and mounds of cash pouring in from all those gas tax hikes, the union-funded Illinois Economic Policy Institute also reported a loss in FY 2023.
https://projects.propublica.org/nonprofits/organizations/463360695/202400539349300530/full
Comment by City Zen Thursday, May 30, 24 @ 5:23 pm
- the union-funded Illinois Economic Policy Institute also reported a loss in FY 2023. -
It seems like you might have left out a few details. Would you care to provide the dollar amounts for the readers who aren’t inclined to follow the links?
Comment by Excitable Boy Thursday, May 30, 24 @ 6:11 pm
Maybe if they put “grand bargain” in One of the revenue lines it will pep things up some?
Comment by JS Mill Thursday, May 30, 24 @ 7:48 pm
===also reported a loss in FY 2023===
lol
Nice try. Now explain the death spiral.
Comment by Rich Miller Thursday, May 30, 24 @ 10:01 pm
Surly this kind of reckless spending is not sustainable.
Comment by Annon3 Friday, May 31, 24 @ 10:15 am