A continuation of the analysis of the current situation in Illinois by WirePoints: Fact 3 3. Pension shortfalls. Illinois’ pension shortfall tripled to over $100 billion in the decade before Rauner took office. That was despite the $17 billion in pension obligation bonds and the 2011-2014 … Continue reading
A press release from State Senator Craig Wilcox: Wilcox Consolidation Bill Adds Vital Taxpayer Protection Clauses Springfield, IL. – State Sen. Craig Wilcox (R-McHenry) filed legislation Wednesday to ensure local government consolidation puts taxpayers first. Senate Bill 1567 contains specific … Continue reading
State Rep. David McSweeney’s legislation to allow voters to eliminate township government has garnered a number of comments. Some of the more cogent ones are below: From “An American:” If McHenry County has to pick up the tabs for any … Continue reading
That’s pretty much the question that District 26 Elementary School Board President Scott Coffey asks in a comment under this article: Given all of the massive spending increases and new debt issued by school districts in this County, I sometimes … Continue reading
Found the following in Supervisor Lee Jennings part of the Fall/Winter edition of the Nunda Township Newsletter: It is with great pride and sense of accomplishment that I announce that Nunda Township is now Debt Free! When our Road Commissioner Mike … Continue reading
Taken from bond documents by bond analyst Steve Willson is the following information: … Continue reading
Yesterday, inspired by Diane Rado’s Sunday Chicago Tribune article on school debt, Woodstock School District 200 taxpayer Susan Handelsman wrote an article yesterday about her district’s heave debt load. It the highest in McHenry County. Coming right behind is Johnsburg, … Continue reading
Inspired by Diane Rado’s Sunday Chicago Tribune article about school debt, District 200 taxpayer Susan Handelsman has written the following about it indebtedness: The Obvious Debt Load of District 200 Woodstock CUSD 200 has $115 million overt debt, roughly $30 … Continue reading
A press release from Congressman Randy Hultgren: Hultgren: President’s Budget Hurts Family Wages by Growing National Debt Ignores Consequences of More Government Spending Washington, DC – U.S. Representative Randy Hultgren (IL-14) today reacted to statements from the White House holding … Continue reading
From reader Susan. Facts about the Woodstock School District which she extracted from the Official Statement of 2014 General Obligation Bonds issued by D200. Numbers are worse in Woodstock CUSD 200. This is where Lakewood will insert the children of the … Continue reading
Susan provides the following information about what the McHenry County Conservation District has borrowed: (MCCD) Legal Debt Margin Calculation as of March 31, 2014 Assessed valuation as of December 31, 2013: $7,189,697,681 Debt Limitation (1.725% of assessed valuation): $124,022,285 Less … Continue reading
The McHenry County Finance Committee received a proposal to refinance outstanding debt this week. BMO Harris representative Eric Anderson make the presentation. That bank will get the biggest payment for the deal. Refinancing these debt certificates is a lot like refinancing … Continue reading
McHenry County government’s audit has been posted on the County Auditor’s web site. If you go to pages 161 and 162, you will find how various sources of revenue fared over the years. Below are real estate tax collections–up every … Continue reading
When Moody’s downgraded the McHenry County Conservation District’s credit rating, I asked for a breakout of the outstanding $124.3 million debt. Here it is: 2001 Referendum bond debt as of 3/31/14 = $51,342,993 2007 Referendum bond debt as of 3/31/14 … Continue reading
A column from former Congressman Joe Walsh: Barack Obama, John Boehner, and Paul Ryan Are Dead Wrong Last week, President Obama said on national TV that we don’t have a debt crisis. Sunday morning on national TV, House Speaker John … Continue reading
I see the mention of the Village of Barrington Hill’s failure to answer Cook County Treasurer Maria Pappas’ request for debt information in Tuesday’s Chicago Tribune editorial. That failure was noticed and memorialized by The Barrington Hills Observer. On that … Continue reading
A retired Catholic Priest named Thomas Vitio has won a suit against Fisher Nut family member Lisa Ann Sanfilippo (formerly Lisa Ann Evon) for her failure to repay a $150,000 loan. With interest, the amount owned the former cleric of … Continue reading
I’ve been listening to Newt Gingrich since former State Rep. Bernie Pedersen starting sending me GOPAC tapes every month during the late 1980’s. What impressed me was that his visions embraced the entire country–from suburbs to inner city. I was … Continue reading
A press release from Joe Walsh: Rep. Walsh Returns Personal Budget Funds to U.S. Treasury Joins Other Members in Requesting these Funds be Used to Pay Down the Debt WASHINGTON- Congressman Joe Walsh (IL-8), along with seven colleagues, sent a … Continue reading
The following press release from Congressman Don Manzullo on the debt ceiling vote is the first from the four Members of Congress (Joe Walsh, Randy Hultgren, Peter Roskam and Manzullo) with an interest in McHenry County, present or future: Manzullo … Continue reading
