Forbes Article: Why Illinois Is In Trouble - 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B
Sharing this article from Forbes.com July 25th, 2017: Why Illinois Is In Trouble - 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B
Illinois is typically the worst-run or second-worst run state in almost every financial category. The article states: "Whenever we open the books, Illinois is consistently one of the worst offenders. Recently, we found auto pound supervisors in Chicago making $144,453; nurses at state corrections earning up to $254,781; junior college presidents making $465,420; university doctors earning $1.6 million; and 84 small-town “managers” out-earning every U.S. governor."
What does this mean for DeKalb County?
- The average family income in Sycamore is $62,000. There are 111 local officials at $100K+ on the list.
- The average family income in DeKalb is $59,000. There are too many to count manually. 250, perhaps?
I only covered our two largest towns, but you can search by ZIP here: Open The Books.
Let's also not forget that many (all?!?) of these jobs come with taxpayer-funded pensions as well, driving their Net Present Value far above a comparable public-sector job. We will cover this sensitive topic in the future.