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Rutherford ‘ready to work together’ on economic problems
BLOOMINGTON – State Treasurer Dan Rutherford doesn’t plan to stop talking about Illinois’ fiscal problems.
He said Friday that raising the income tax in the state is not enough, and Gov. Pat Quinn must address spending (Read More).
Illinois is broke. As a state constitutional officer, I am making a rare request of the General Assembly: Cut my budget.
Illinois is not just out of money—even if all assets including cash, investments and property were liquidated and auctioned, it still would carry more than $37 billion of debt. By this measurement, we are the deepest in debt of all 50 states. (Read More)
Treasurer Rutherford's Birthday Wish to President Lincoln
Rutherford ‘ready to work together’ on economic problems
BLOOMINGTON – State Treasurer Dan Rutherford doesn’t plan to stop talking about Illinois’ fiscal problems.
He said Friday that raising the income tax in the state is not enough, and Gov. Pat Quinn must address spending (Read More).
Illinois is broke. As a state constitutional officer, I am making a rare request of the General Assembly: Cut my budget.
Illinois is not just out
of money—even if all assets including cash, investments and property
were liquidated and auctioned, it still would carry more than $37
billion of debt. By this measurement, we are the deepest in debt of all
50 states. (Read More)
City Club of Chicago
Your share: $42000
You used to be able to lead a long life without ever knowing the name of an Illinois state treasurer. Now, though, you owe considerable gratitude to the current treasurer, a Republican first-termer named Dan Rutherford. This week, he blew a very loud whistle. In so doing, he made it harder for Illinois lawmakers and Gov. Pat Quinn to sink you even deeper in debt.
Rutherford first calculated that the pols who run Illinois have amassed nearly $200 billion in debt. That includes some $45 billion in bond debt, $8 billion in unpaid bills and $140 billion in unfunded pension and health care benefits for public employees. Every household in Illinois owes $42,000. (Read More)
Illinois on the Brink of Financial Disaster
Dan was recently on CNBC’s Squawk Box, a national television show. Dan sounded the alarm on the fiscal disaster we’re nearing in this state. It’s not everyday that you get the chance to use this network’s national stage to issue a severe warning on the state’s debt. Dan hopes this opened some eyes on this issue and that the ideas will help bring the state a better fiscal situation. Please take a few minutes to watch.
It’s clear that we’re dealing with more budget uncertainty as the state continues to spend far more than it takes in. To give you an idea of the magnitude of debt we’re facing, it would cost $42,000 per household in order for the state to resolve its backlog of bills, our unfunded pension and retiree health care liabilities and to pay off bonds.
CNBC Squawk Box Appearance
Rutherford Closing 6 Treasurer Offices
SPRINGFIELD -- In his first act as state treasurer, Republican Dan Rutherford closed six satellite offices in Effingham, Collinsville, Mount Vernon, Riverdale, Rockford and Rock Island. "I see them as a total inefficient use of state assets," said Rutherford, who was sworn into office Monday......Read More
Rutherford Takes the Oath of Office