Monday, Jan 26, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

AYHSMB - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
What the heck are you talking about, yesquy? How does collective bargaining come into play with your rant? You're talking about nepotism among a small group of local bozos. I'm talking about unsustainable costs that do not happen in the private sector. Show me a private sector company on the scale of a local FD of PD with the same benefits and retirement. Also, you must believe it's…
XBgCty - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
Just a little tidbit-- As of January 1, 2015 2150 soldiers had died in the war in Afghanistan since 2001-- On December 20 with the murder of the two NYPD officers, bringing the total number of Police Officers Killed In the Line of Duty since 2001 to 2171. A few more facts here: http://www.nleomf.org/facts/enforcement/ So should…
GuyFawkes10 - Quincy Police Blotter for 1/25/15 - Quincy, IL News - QuincyJournal.com
How do you loan your drivers license to someone else.
XBgCty - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
Did you read the article you quoted-- Of the pension systems in that article it said ONE of them-- State Employees’ Retirement System, or SERS.--Most of their participants might be eligible. None of the others had that.
quincyhydro - Police shooting, pursuit in Downtown Hannibal - Quincy, IL News - QuincyJournal.com
Only if it's a black person.

Most Popular

Quincy School Board selects architects for new school buildings

Police-fire pensions to go up in smoke?

QPD warns of "Mystery Shopper" scam

Rauner signs order aimed at helping veterans, minorities

JWCC giving test for Teacher aides

QPD officer testing apps available

New rules help Illinois collect out-of-state sales taxes

The Patio restaurant could open as early as February 1

Illinois residents paying more taxes for fewer services

Illinois residents paying more taxes for fewer services

8 months, 3 weeks ago by Ben Yount, Illinois Watchdog

Illinois ranks 39th in return on investment for government spending

If you only look at the government spending you can see, such as roads and school buildings, Illinois taxpayers would appear to get an okay return on their investment.

But it’s the spending you don’t see that has taxpayers paying more and more for less and less.

A new survey by WalletHub.com ranks Illinois 39th in the nation in return on investment for government spending.

“Illinois is 47 when it comes to tax rates. It has some of the highest state and local tax rates in the country,” WalletHub.com’s CEO Odysseas Papadimitriou told Illinois Watchdog. “But when you look at the government services, Illinois ranks 28.”

WalletHub ranks states based on the quality of roads and bridges, the rank of each state’s schools, the number of hospitals and the cost of medical care, the violent crime rate, the unemployment rate and the state’s pollution level.

Illinois is not in the top five in any category, but is only in the bottom five for having poor water quality.

“Those (categories) we feel are the primary responsibilities for each state,” Papadimitriou said. “To provide good infrastructure, good education, good health system, safety for its residents, a low level of pollution and a robust economy.”

But by looking only at those measures, Wallethub ignores some significant problems for Illinois.

The state has the third worst unemployment rate in the nation, but Wallethub offset Illinois’  8.4 percent unemployment rate by considering the average cost of living, the number of people who have left the state and economic mobility.

Wallethub also ignores Illinois’ massive debt — both the state’s $130 billion pension debt and the $6 billion in unpaid bills currently sitting at the state Capitol.

“The pension obligation debt is eight times all the bond debt for building roads and schools and everything else,” said Bob Williams, president of State Budget Solutions. “Essentially, the state has been living on credit cards.”

Wallethub doesn’t factor in any of the costs of debt, either at the state or local level.

Williams said that debt must be counted to know the true cost of government, as most taxpayers are paying for a lot more government than they ever see.

He said those who work for or depend on the government get a fantastic return on investment. The rest of Illinois’ taxpayers don’t.

“Not only do you (not get a return) you are expected to pay for the cost of that public employee,” Williams said.

Wallethub, unsurprisingly, ranks the energy boom states in the northern plains as the best for return on investment and a handful of states in the south as the worst.


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 35 minutes ago

Lovelace back in court Monday - Appearance should be the last one before the trial begins in late March http://t.co/oL1QwijNIi
Bob Gough on Twitter

Bob Gough 4 hours, 55 minutes ago

RT @City Journal: President Obama takes credit for growth stoked largely by red state policies. http://t.co/yQEqefJgin http://t.co/KX5BrwAG5h
QuincyJournal on Twitter

QuincyJournal 10 hours, 36 minutes ago

CHS and Northern Partners Sign Illinois Terminal Agreement http://t.co/oEZBzYBSmc
QuincyJournal on Twitter

QuincyJournal 10 hours, 36 minutes ago

85,000 temporary driver's licenses issued to immigrants http://t.co/GzWZazfXyc