Hello There, Guest! (LoginRegister)

Post Reply 
NIU and other state schools downgraded to junk bond status
Author Message
Bookmark and Share
klake87 Offline
Hall of Famer
*

Posts: 15,627
Joined: Sep 2004
Reputation: 39
I Root For: NIU
Location: Bartlett
Post: #1
NIU and other state schools downgraded to junk bond status
NIU followed state down. Cost to borrow money up
06-12-2017 10:38 AM
Find all posts by this user Quote this message in a reply

DogPoundNorth Offline
Coach Carey Loves His Wife
*

Posts: 6,026
Joined: Jan 2014
Reputation: 37
I Root For: NIU
Location: Chicago
Post: #2
RE: NIU and other state schools downgraded to junk bond status
(06-12-2017 10:38 AM)klake87 Wrote:  NIU followed state down. Cost to borrow money up

Didn't that happen last year?

http://rockrivertimes.com/2016/07/09/7-i...owngraded/
06-12-2017 10:48 AM
Find all posts by this user Quote this message in a reply
Dog Fan Offline
Hall of Famer
*

Posts: 19,250
Joined: Dec 2003
Reputation: 88
I Root For: NIU Huskies
Location: The Paperback Grotto

Donators
Post: #3
RE: NIU and other state schools downgraded to junk bond status
This state has become a giant cesspool. I don't know if it will ever recover unless taxes are significantly increased. I hope I'm outta here before that happens.
06-12-2017 01:55 PM
Find all posts by this user Quote this message in a reply
NIUfilmmaker Offline
All American
*

Posts: 3,324
Joined: Apr 2010
Reputation: 23
I Root For: NIU!
Location: Wicker Park, Chicago
Post: #4
RE: NIU and other state schools downgraded to junk bond status
The budget needs to get figured out this month, can't imagine a 3rd year of this. Chicago State and a few other schools may shutter up for the year or permanently if limited education funds are doled out sporadically again in 2017.
06-12-2017 02:18 PM
Find all posts by this user Quote this message in a reply

smartnumber Offline
Water Engineer
*

Posts: 47
Joined: Dec 2005
Reputation: 0
I Root For:
Location:
Post: #5
RE: NIU and other state schools downgraded to junk bond status
(06-12-2017 01:55 PM)Dog Fan Wrote:  This state has become a giant cesspool. I don't know if it will ever recover unless taxes are significantly increased. I hope I'm outta here before that happens.

Moved down to Atlanta in 1991 . . .best move I ever did! (though I still made a lot of bowl games, Orange Bowl, Alabama & Tennessee games, home comings etc) Government Unions will NEVER cut up there, Georgia is balanced, and my property taxes will be reduced from $9,300 to $3,100 because I turn 62!

Guess what, the Chance program that I knew in the 70's just keeps rolling and spending today! Look at the corrupt admin at NIU, especially that CFO!!

I donated so much time, airfare, money, speaking engagements, etc to NIU, but NOT ANYMORE!!!
06-13-2017 09:48 AM
Find all posts by this user Quote this message in a reply
brandsxb Offline
Bench Warmer
*

Posts: 224
Joined: Feb 2006
Reputation: 0
I Root For: NIU
Location: Washington DC
Post: #6
RE: NIU and other state schools downgraded to junk bond status
It is a shame what the politicians and the unions did to the state. The state, city and union officials all wanted their cut of the money and left the tax payers with the bill. I do not see any long term recourse except bankruptcy. Illinois isn't alone, New Jersey is about 5 years away from being in the same situation. I just wish the Universities didn't have to suffer, with the exception of Chicago State which is a hot bed of corruption and should close.
06-13-2017 01:24 PM
Find all posts by this user Quote this message in a reply
niu79 Offline
All American
*

Posts: 3,532
Joined: Nov 2003
Reputation: 6
I Root For: NIU
Location:
Post: #7
RE: NIU and other state schools downgraded to junk bond status
Interesting read. The state budget is a problem, but the universities themselves also share some blame.

https://www.illinoispolicy.org/moodys-do...-are-junk/
(This post was last modified: 06-13-2017 01:32 PM by niu79.)
06-13-2017 01:32 PM
Find all posts by this user Quote this message in a reply

klake87 Offline
Hall of Famer
*

Posts: 15,627
Joined: Sep 2004
Reputation: 39
I Root For: NIU
Location: Bartlett
Post: #8
RE: NIU and other state schools downgraded to junk bond status
(06-13-2017 01:32 PM)niu79 Wrote:  Interesting read. The state budget is a problem, but the universities themselves also share some blame.

https://www.illinoispolicy.org/moodys-do...-are-junk/

That is problem with all government. No checks and balances. Fox in hen house. Just raise taxes and fees and tuition
06-13-2017 01:39 PM
Find all posts by this user Quote this message in a reply
huskie1stdown Offline
All American
*

Posts: 4,478
Joined: Mar 2007
Reputation: 10
I Root For: NIU
Location: Mundelein
Post: #9
RE: NIU and other state schools downgraded to junk bond status
(06-13-2017 01:39 PM)klake87 Wrote:  
(06-13-2017 01:32 PM)niu79 Wrote:  Interesting read. The state budget is a problem, but the universities themselves also share some blame.

https://www.illinoispolicy.org/moodys-do...-are-junk/

That is problem with all government. No checks and balances. Fox in hen house. Just raise taxes and fees and tuition

States need to bite the bullet and go the 401k route. These pensions suc** the big one.
06-13-2017 02:55 PM
Find all posts by this user Quote this message in a reply
MiamiHuskie Offline
Special Teams
*

Posts: 849
Joined: Aug 2006
Reputation: 3
I Root For: NIU
Location: Miami, FL
Post: #10
RE: NIU and other state schools downgraded to junk bond status
More depressing Illinois economic news:
http://www.zerohedge.com/news/2017-06-15...road-work-

Look at the higher education tuition and retirement costs.
06-15-2017 10:52 AM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2017 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
Powered By MyBB, © 2002-2017 MyBB Group.