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  1. #1
    decimon is offline Registered User
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    Moody’s downgrades 7 Illinois universities, 5 are junk


  2. #2
    Kizmet is offline Moderator
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    I think the Springfield campus is the one we hear about the most. It has a bunch of DL programs.
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  3. #3
    decimon is offline Registered User
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    Quote Originally Posted by Kizmet View Post
    I think the Springfield campus is the one we hear about the most. It has a bunch of DL programs.

    I'm not familiar with that but thought this of general interest. And I doubt that Illinois is the only state with such problems.

  4. #4
    Kizmet is offline Moderator
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    Quote Originally Posted by decimon View Post
    And I doubt that Illinois is the only state with such problems.
    I'll bet you're right
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  5. #5
    me again is offline Registered User
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    Maybe the United States can unhinge Illinois from the union and then accept Puerto Rico as a replacement State. Which entity is in better financial shape?
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  6. #6
    decimon is offline Registered User
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    Quote Originally Posted by Kizmet View Post
    I'll bet you're right

    The only sure bet. ;-)

  7. #7
    Kizmet is offline Moderator
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    You know your state is a mess when you can't even sell lottery tickets

    Powerball, Mega Millions to drop Illinois due to state's budget crisis - Story | WFLD
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  9. #8
    decimon is offline Registered User
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    Quote Originally Posted by Kizmet View Post
    You know your state is a mess when you can't even sell lottery tickets

    Powerball, Mega Millions to drop Illinois due to state's budget crisis - Story | WFLD

    In New York they sold the lottery program with the lie that the money would go to education . The money of course went into the general fund but it was a long time before that was fessed up to. Then came stories that they'd done the impossible in finding a way to lose money on a gambling operation.

    Maybe they should give the thing back to the organized crime guys who know what they're doing.

  10. #9
    Kizmet is offline Moderator
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  11. #10
    decimon is offline Registered User
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    A six-figure severance.

    How come this watchdogging is always forensic?

  12. #11
    Gabe F. is offline Registered User
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    Some time ago, the Illinois Policy Institute cited administrative growth & bloat as one of the major problems in Illinois public higher education (current budget crisis notwithstanding).

    If you want some real fun, check out the public university salary database:

    IBHE Public University Salary Database-Search Options

    I clicked on "Search by Position" and selected "Vice Chancellor". That yielded 55 vice chancellors. Total salaries were just shy of $11 million and "additional compensation" was nearly $900k.

    Nearly $12 million dollars in total compensation benefits JUST for these 55 vice chancellors.

  13. #12
    sanantone is offline Registered User
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    Quote Originally Posted by decimon View Post
    In New York they sold the lottery program with the lie that the money would go to education . The money of course went into the general fund but it was a long time before that was fessed up to. Then came stories that they'd done the impossible in finding a way to lose money on a gambling operation.

    Maybe they should give the thing back to the organized crime guys who know what they're doing.
    That's what they did in Texas; but, in reality, our schools are mainly funded by high property taxes, our schools are still underfunded because the state has a huge budget shortfall, and the courts ruled our school finance system as unconstitutional. Our state can't even fund special education for everyone who needs it. Oh, but Texas won't allow casinos as if playing the lottery isn't gambling.
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  14. #13
    decimon is offline Registered User
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    Quote Originally Posted by sanantone View Post
    That's what they did in Texas; but, in reality, our schools are mainly funded by high property taxes, our schools are still underfunded because the state has a huge budget shortfall, and the courts ruled our school finance system as unconstitutional. Our state can't even fund special education for everyone who needs it. Oh, but Texas won't allow casinos as if playing the lottery isn't gambling.

    It's property tax in NY as well. NYC chose to keep residential property tax at a lower rate than elsewhere in the state and tax the citizens in other ways. But it's business taxes that sustain probably all states.

    I should modify my comment about losing money on gambling as I believe it was Off Track Betting that was said to be losing money.

    As for schools being underfunded, well, in what sense? If education is the goal then U.S. schools are overly funded. Follow the money, as they say.

  15. #14
    Kizmet is offline Moderator
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  17. #15
    Kizmet is offline Moderator
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  18. #16
    Kizmet is offline Moderator
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    some history

    How Illinois became America's most messed-up state - Jun. 29, 2017
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