From Truth in Accounting – each of you owes $49,500 because the wrong Constitutional Amendment is on the ballot. Fixing unfunded pension liability isn’t as important as giving unions more taxing power. Vote NO to Amendment 1 and NO to the people who did this to you:
By: Diane Benjamin Illinois is 49th in pension funding as of 2019. Only New Jersey is worse: https://tinyurl.com/Tax-Foundation-Source It is likely 2020 didn’t change these stats, local pensions aren’t included. Excerpts: Low funding levels are challenging not only because of the large contributions required to make up the debt, but also because they generate less in investment […]
Below is a chart created by Truth In Accounting. It show the excess per taxpayer and the debt per taxpayer for the 5 best and worst states. Illinois is third worst – number 48. Before you vote, ask yourself why you would vote for any incumbent. https://www.truthinaccounting.org/library/doclib/2017-FSOS-Booklet-.pdf PDF page 9: PDF page 12: […]
by: Diane Benjamin According to the City: Commerce Bank is the City’s p-card vendor. Staff is authorized to use the p-card to make purchases for City business. The program began January 15, 2008. Sincerely, Renee Gooderham Records & Information Manager So, at least some City employees have a City Credit Card. I was […]
Pension solution requires Truth In Accounting MARCH 15, 2013 | by Richard Lorenc | REBOOT ILLINOIS Reposted from Reboot Illinois. While waiting out a surprise snowstorm at the airport earlier this week, I caught a glimpse of a cable news show featuring a large headline that read, “585 days since we lost our AAA rating.” The rating downgrade, […]
Illinois According to analysis by the Institute for Truth in Accounting, Illinois does not have enough assets available ($23.2 billion), to pay the state’s bills, ($182.3 billion). The difference, $159.2 billion, divided by the number of taxpayers in the state, is the per-taxpayer burden: $38,500 in 2011. Only six states–Alaska, North Dakota, South Dakota, Utah, Nebraska, and […]
