Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
Removing the progressive tax question from the Nov. 3 ballot would give over 100,000 small businesses some certainty as they struggle to recover from the COVID-19 shutdown.
Senate Democrats killed a chance this week to rein in government spending, instead siding with government unions that prioritize their own power over the fiscal health of the state. Illinois taxpayers pay nearly $15,000 per state worker in health care costs alone under the most recent contract with the American Federation of State, County and Municipal Employees.
Following their colleagues in the House, 19 members of the Illinois Senate have signed on to a resolution opposing a progressive tax in Illinois.
Despite calls for new taxes from Republican lawmakers, Senate Bill 2216 contains funding for several grants across the state.
Only in Illinois could a budget deal that hits struggling Illinoisans with billions in new taxes be called a “grand bargain.”
Illinois has racked up $14 billion in unpaid bills.
As pressure mounts on state senators and representatives to vote in favor of multibillion-dollar tax hikes, lawmakers should remember the promises they’ve made to taxpayers.