Rockford Mayor: Illinois cities should be able to file for bankruptcy

SPRINGFIELD – Rockford Mayor Larry Morrissey said Wednesday that Illinois towns and cities would be in a better position to face their public safety pension obligations if they had the ability to file for bankruptcy. The statement came during a downstate and suburban mayors’ news conference held in Illinois’ state capitol. “If the state doesn’t give authorization […]

How to Save Illinois From Bankruptcy

Is there any expenditure that we could cut and not miss very much? What Government service costs us the most and serves us the least? I’ll tell you what – the K-12 Education System. Here are a few facts: About 60% or more of our real estate tax goes for education; mainly K-12 At the […]