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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.  

 

 

 

Ryan CardinaliComment