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NIU and other state schools downgraded to junk bond status
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klake87 Offline
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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
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DogPoundNorth Offline
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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
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Dog Fan Offline
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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
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NIUfilmmaker Offline
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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
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smartnumber Offline
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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
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brandsxb Offline
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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
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niu79 Offline
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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
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klake87 Offline
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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
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huskie1stdown Offline
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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
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MiamiHuskie Offline
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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
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DogPoundNorth Offline
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Post: #11
RE: NIU and other state schools downgraded to junk bond status
Powerball and Mega Millions will leave the state of Illinois if a budget isn't passed by the end of June.

http://wgntv.com/2017/06/15/powerball-me...et-passed/
(This post was last modified: 06-15-2017 12:15 PM by DogPoundNorth.)
06-15-2017 11:48 AM
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Policiious Offline
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Post: #12
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.

Several of the "directional" state schools do have some significantly prominent alumni who are hopefully contributing financially to their alma materDa. NIU has several including

Dan Castellaneta One of Hollywoods best and most famed voice actors
Ned Colletti A giant in MLB, special consultant for the LA Dodgers
Matt Walsh veteran comedic actor currently on VEEP
John Salli billionaire
Maria Kanellis social media queen
Robert Zemeckis Legendary film producer director
Steve Harris veteran tv & movie Actor
Jimmy CHamberlin - drummer Smashing Pumpkins
Nicole Birscoe ESPN sportcaster
CIndy Morgan Actor/Producer with a long career, Caddyshack, Tron,Larry Sanders SHow, CHIPS, Sex, Lies U& VIdeo Tape
Barbara Allyn Woods, Actor- Honey I Shrunk the Kids & One Tree HIll
Jason Matthew Smith- Actor
Gina Kimmel- ex wife of Jimmy Kimmel
Sebastian Manuscalo- Stand Up COmedian Comedians in Cars Getting Coffee

I didn't even touch those who played sports at NIU. That is a nice database to tap for talent and $.
06-15-2017 02:00 PM
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MiamiHuskie Offline
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RE: NIU and other state schools downgraded to junk bond status
(06-13-2017 09:48 AM)smartnumber Wrote:  
(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!!!

I moved to Florida about the same time, for the same reasons.
But I have stepped up my contributions to the NIU football program; it needs the support now more than ever.
06-15-2017 03:35 PM
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smartnumber Offline
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RE: NIU and other state schools downgraded to junk bond status
[/quote]

I moved to Florida about the same time, for the same reasons.
But I have stepped up my contributions to the NIU football program; it needs the support now more than ever.
[/quote]

I will not let up attending athletic events, especially football, just no more checks handed over to spend on BS . . . . . We need to hook up for a game in the future!!
06-16-2017 10:33 AM
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Policiious Offline
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RE: NIU and other state schools downgraded to junk bond status
(06-15-2017 02:00 PM)Policiious Wrote:  
(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.

Several of the "directional" state schools do have some significantly prominent alumni who are hopefully contributing financially to their alma materDa. NIU has several including

Dan Castellaneta One of Hollywoods best and most famed voice actors
Ned Colletti A giant in MLB, special consultant for the LA Dodgers
Matt Walsh veteran comedic actor currently on VEEP
John Salli billionaire
Maria Kanellis social media queen
Robert Zemeckis Legendary film producer director
Steve Harris veteran tv & movie Actor
Jimmy CHamberlin - drummer Smashing Pumpkins
Nicole Birscoe ESPN sportcaster
CIndy Morgan Actor/Producer with a long career, Caddyshack, Tron,Larry Sanders SHow, CHIPS, Sex, Lies U& VIdeo Tape
Barbara Allyn Woods, Actor- Honey I Shrunk the Kids & One Tree HIll
Jason Matthew Smith- Actor
Gina Kimmel- ex wife of Jimmy Kimmel
Sebastian Manuscalo- Stand Up COmedian Comedians in Cars Getting Coffee

I didn't even touch those who played sports at NIU. That is a nice database to tap for talent and $.

For example if NIU's theatre depertment could get half the actors listed here to do workshop or lecture about their careers, what they did to get to where they are now and provide some mentoring; that would have an impact on enrollment which of course would have a financial impact upon the university.

Robert Zemeckis would be a big draw for anyone with a desire to produce/direct films. Ned Colletti & Nicole Briscoe would be attractive for anyone wanting to build a career in sports media or with a sports franchise.
06-16-2017 01:11 PM
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DogPoundNorth Offline
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RE: NIU and other state schools downgraded to junk bond status
(06-16-2017 01:11 PM)Policiious Wrote:  
(06-15-2017 02:00 PM)Policiious Wrote:  
(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.

Several of the "directional" state schools do have some significantly prominent alumni who are hopefully contributing financially to their alma materDa. NIU has several including

Dan Castellaneta One of Hollywoods best and most famed voice actors
Ned Colletti A giant in MLB, special consultant for the LA Dodgers
Matt Walsh veteran comedic actor currently on VEEP
John Salli billionaire
Maria Kanellis social media queen
Robert Zemeckis Legendary film producer director
Steve Harris veteran tv & movie Actor
Jimmy CHamberlin - drummer Smashing Pumpkins
Nicole Birscoe ESPN sportcaster
CIndy Morgan Actor/Producer with a long career, Caddyshack, Tron,Larry Sanders SHow, CHIPS, Sex, Lies U& VIdeo Tape
Barbara Allyn Woods, Actor- Honey I Shrunk the Kids & One Tree HIll
Jason Matthew Smith- Actor
Gina Kimmel- ex wife of Jimmy Kimmel
Sebastian Manuscalo- Stand Up COmedian Comedians in Cars Getting Coffee

I didn't even touch those who played sports at NIU. That is a nice database to tap for talent and $.

For example if NIU's theatre depertment could get half the actors listed here to do workshop or lecture about their careers, what they did to get to where they are now and provide some mentoring; that would have an impact on enrollment which of course would have a financial impact upon the university.

Robert Zemeckis would be a big draw for anyone with a desire to produce/direct films. Ned Colletti & Nicole Briscoe would be attractive for anyone wanting to build a career in sports media or with a sports franchise.

Didn't Zemeckis go to USC?
06-16-2017 02:14 PM
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Doggone Offline
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RE: NIU and other state schools downgraded to junk bond status
(06-16-2017 02:14 PM)DogPoundNorth Wrote:  Didn't Zemeckis go to USC?

According to this old article, he attended NIU for a couple of years before heading to USC.
http://articles.chicagotribune.com/1998-...center-fry
06-16-2017 02:27 PM
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DogPoundNorth Offline
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RE: NIU and other state schools downgraded to junk bond status
(06-16-2017 02:27 PM)Doggone Wrote:  
(06-16-2017 02:14 PM)DogPoundNorth Wrote:  Didn't Zemeckis go to USC?

According to this old article, he attended NIU for a couple of years before heading to USC.
http://articles.chicagotribune.com/1998-...center-fry

Thank you for that, that's very cool, I didn't see it in any other bio's except that he had "transferred after a short time." But if it is a couple years, then maybe he would be willing to help out.
06-16-2017 02:46 PM
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HuskieBowWow Offline
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RE: NIU and other state schools downgraded to junk bond status
Joan Allen actress
06-16-2017 03:37 PM
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Ken Barna Offline
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RE: NIU and other state schools downgraded to junk bond status
Dear Huskies,
Just read two articles about the financial mess for the State of Illinois. After reading through this part of your blog, even with donations from all of the people that may donate, can you really raise millions of dollars from private individuals? Also, does your school as well as others in the State have the possibility of shutting down?
06-29-2017 04:07 PM
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