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* What’s going on in your part of Illinois?…
posted by Isabel Miller
Tuesday, Mar 4, 25 @ 7:38 am
Previous Post: Stop Credit Card Chaos In Illinois
Next Post: It’s just a bill
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Lots and Lots of rain
Comment by Neef Jr. Tuesday, Mar 4, 25 @ 8:27 am
Any news on which State agencies are unable to produce GAAP packages on their funds and are preventing the State Comptroller from finishing the annual comprehensive financial report? Could it be DCFS? Or Healthcare & Family Services? Waiting for the Bond houses in Boston and New York City to squawk. Not being able to produce financial statements is a sign of how poorly managed State government really is.
Comment by Collette on Lake Springfield Tuesday, Mar 4, 25 @ 8:27 am
Rain near Kankakee with a little thunderstorm mixed in.
Comment by Aaron B Tuesday, Mar 4, 25 @ 8:38 am
Rain and thunder this morning. Trying not to turn on the news. The craziness of the weather and our world isn’t going to stop, I fear.
Comment by Mister Ed Tuesday, Mar 4, 25 @ 9:06 am
I was trying to find articles about the impact of tariffs to Illinois industries. I found one discussing farmers/agriculture in general and then Caterpillar and Deere. But it was not a very good article. In general, I’m trying to find if anyone thinks it is good for Illinois and if so, why. As Illinois (and US in general) become much more interdependent across the globe, it seems counter-intuitive to be beneficial to Illinois. Maybe I’m missing something?
Comment by Lurker Tuesday, Mar 4, 25 @ 9:10 am
Mister Ed - Agree about not turning on the news, didn’t watch any on Presidents’ Day because it might encourage a certain office holder, might do that more often. The weather will improve, the sun will come out and it will get warmer, the craziness of the world … not too hopeful about that.
Comment by West Side the Best Side Tuesday, Mar 4, 25 @ 9:21 am
“Any news on which State agencies … .”
According to the OAG website, FY 2023 Compliance Audits for Human Services & Healthcare and Family Services haven’t been issued (please remember that under Rauner a contractor lost necessary data - private sector efficiency /s).
Comment by Anyone Remember Tuesday, Mar 4, 25 @ 9:22 am
Stocking up on Canadian bacon while I can.
Comment by Michelle Flaherty Tuesday, Mar 4, 25 @ 9:23 am
“Craziness of the weather”
It’s 45 degrees with showers on March 4 as I grab my paczkis for Fat Tuesday.
Seems… Pretty normal.
Comment by JB13 Tuesday, Mar 4, 25 @ 9:55 am
Collette - I don’t appreciate the pot shot at DCFS. Despite the headlines about what goes on in the field, the Budget/Finance side that I’ve been knee-deep in for 6 years is a well-oiled machine.
Comment by Hey Anony Anony Tuesday, Mar 4, 25 @ 9:59 am
==Waiting for the Bond houses in Boston and New York City to squawk. ==
Have they done so in the past?
Comment by low level Tuesday, Mar 4, 25 @ 9:59 am
under Rauner
This is hysterical. Pritzker/Mendoza haven’t completed a CAFR on time yet. But, Rauner.
Comment by Capcitynewt Tuesday, Mar 4, 25 @ 10:11 am
My bad. Missed the snark notation and jumped the gun.
Comment by Capcitynewt Tuesday, Mar 4, 25 @ 10:13 am
It is typically DHS and HFS that hold up the CAFR process. I’m not a Mendoza fan at all, but the IOC GAAP staff is top notch. Retirements over the last 5 years or so haven’t helped either. Not easy finding quality people to do this work.
Comment by Capcitynewt Tuesday, Mar 4, 25 @ 10:17 am
Man some of you need to take a chill pill on the CAFR. This thing has been chronically late for a long time. That’s why it’s being replaced with ACFR which is a new process that is meant to fix this problem. It’s been noted but to my knowledge hasn’t affected anything the bond houses have done.
Comment by Demoralized Tuesday, Mar 4, 25 @ 10:17 am
85 and partly sunny, with a gentle breeze, in South America.
Comment by Huh? Tuesday, Mar 4, 25 @ 10:43 am
@ Lurker
I listened to a farm report of FM Radio yesterday, driving into work. The general consensus was that these tariffs will lower demand for Illinois grain products considerably. For example, we export enormous quantities of ethanol to Canada, and enormous quantities of corn to Mexico. We also export enormous quantities of grain and their products to China. As Canada and Mexico retaliate, it is quite likely Mexico and Canada will shift their demand from Illinois, to Argentina and Brazil, etc.
I have noticed over the past couple days a few grain farmers around my house gathering grains out of the fields and shipping them. I am NOT sure this is abnormal, but it could well be that farmers know deep down the the prices for grains are going to decline over the next few months, and holding them back makes not sense, financially.
Comment by H-W Tuesday, Mar 4, 25 @ 11:40 am
The tariffs are good for no one. Smoot-Hawley too, electric boogaloo, will devastate supply chains and scramble markets here. For the car industry, it’s catastrophic, and we have multiple car manufacturers here. Increased prices for steel and aluminum will hurt manufacturers of heavy machinery and durable goods. Expect layoffs in the labor force and a hit to tax revenues. Ag exports took a hit last time Trump was president and the South American soybean markets we owned were permanently lost to other countries. The meager checks sent to producers here to make up for it gave a press bump but didn’t make up for the damage; it was like car insurance replacing your totaled Cadillac with a used Chevy Citation. Illinois has three legs of wealth production: ag, industry, and technology. The technology/innovation is fed by education, which the new administration is also damaging, and the slashing of research grants is already damaging medical research breakthroughs. He was right about us becoming so tired of “winning”. He’s on track to out- do Herbert Hoover.
Comment by Give Us Barabbas Tuesday, Mar 4, 25 @ 11:45 am
“Pritzker/Mendoza haven’t completed a CAFR on time yet.”
The last CAFR / ACFR released on time was FY 1999, Ryan’s first. Every one since has been late.
Please pay attention.
https://illinoiscomptroller.gov/financial-reports-data/find-a-report/comprehensive-reporting/annual-comprehensive-financial-report/
Comment by Anyone Remember Tuesday, Mar 4, 25 @ 11:51 am
The last CAFR / ACFR released on time was FY 1999, Ryan’s first. Every one since has been late.
Please pay attention.
So what I said was 100% correct. Thanks for confirming.
Comment by Capcitynewt Tuesday, Mar 4, 25 @ 12:12 pm
“… 100% correct.”
You only mentioned 1 of 5 governors with late CAFRs / ACFRs. 20%.
Comment by Anyone Remember Tuesday, Mar 4, 25 @ 12:28 pm
I mentioned the current one, which is the pertinent one. We could do this all day. I posted a fact. I didn’t miss-represent anything. You want to go back 25 years, knock your socks off.
Comment by Capcitynewt Tuesday, Mar 4, 25 @ 12:45 pm
One of my staff went to see a movie at the AMC in Chicago (Streeterville) last night and nearly got run over by a mob of teens going into a Target there. Another group of more than a dozen were targeting people at an ATM nearby. It’s not even April yet.
Comment by Just a guy Tuesday, Mar 4, 25 @ 3:45 pm