Already struggling under a multi-tiered fiscal burden, Illinois taxpayers are now confronting incontrovertible evidence of serious fiscal setbacks in their state as a new report revealed staggering amounts of pension debt and escalating red ink.
On June 17, 2016, Ritu Chakrawarty purchased a three bedroom, 2.5 bathroom home at 135 Fulbright Lane, Schaumburg from H. Marcotte Steven (trust), Rosemary J. Marcotte (trustee), Rosemary J. Marcotte (trust) and Steven H. Marcotte (trustee) for $390,000.
On June 17, 2016, Juliana Peychinova and Svetoslav Peychinov purchased a three bedroom, 1.5 bathroom home at 607 E. Weathersfield Way, Schaumburg from Bank New Yk Mellon Trust Co. for $238,000.
On June 17, 2016, Stacey L Ivanic and Edward P. Beauvais purchased a three bedroom, one bathroom home at 1342 Campbell Ave., Des Plaines from Brendan G. and Kathleen A. Gaughan for $307,000.
On June 17, 2016, Ryan Kettlekamp and Hanna Kazakevich purchased a three bedroom, two bathroom home at 217 Valley View St., Wilmette from Graadview Cap LLC for $411,000.
The Illinois House failed to garner the votes needed to overturn Gov. Bruce Rauner's veto of Senate Bill 250, which would have automatically registered Illinois residents to vote when they make government transactions, such as renewing a driver's license.
On June 17, 2016, Dilyana and Rusko Rusinov purchased a home at 1127 S. Old Wilke Road 6-308, Arlington Heights from Florencio and Gerardo Rubio for $114,500.
On June 17, 2016, Delane T Diseko and Jessica S. Slusar purchased a three bedroom, 1.5 bathroom home at 2610 Kenilworth Ave., Wilmette from Vanessa and Rohan Ward for $649,000.
On June 17, 2016, Megan Dahl and Gajanthan Balakaneshan purchased a three bedroom, 1.5 bathroom home at 2219 Warwick Lane, Schaumburg from Linda J Mirabile for $297,000.
Ranking among the top 10 states for debt per capita, Illinois is exhibiting a continuously increasing amount of red ink per resident — particularly pension debt, but also other calculated liabilities.
The state's largest public employee union is calling for Gov. Bruce Rauner to continue negotiating after talks were declared to be at an impasse earlier this month, but further talks with the American Federation of State, County and Municipal Employees (AFSCME) would be pointless, an attorney for a Chicago-based think tank said recently.