Bill would match Illinois spending to what taxpayers can afford

By Bryce Hill

04/02/2021

A bipartisan ‘spending cap’ bill would allow predictable, sustainable growth in state spending without tax hikes. Illinois is one of the few states without a similar fiscal restraint.

TAGS: budget, spending cap, tax hikes

Flat education spending is a cut when pensions, administration take more

By Ann Miller

03/01/2021

Illinois Gov. J.B. Pritzker plans another year of flat education spending. The reality is the cash reaching classrooms is dwindling as pensions and administration eat more.

TAGS: budget, education spending, JB Pritzker, pensions

Illinois unemployment is again on the rise as Pritzker proposes business taxes

By Brad Weisenstein

02/25/2021

Unemployment claims bumped up for a second week in Illinois as Gov. J.B. Pritzker decided to push for 9 new taxes, mostly hitting businesses and job creation. Illinois ranked 49th for recovery last week.

TAGS: budget, COVID-19, JB Pritzker, jobs, labor, taxes, unemployment

Pritzker’s budget pushes 9 new taxes worth nearly $1 billion

By Adam Schuster

02/24/2021

The budget proposal includes no reforms to pensions or other cost drivers, misleadingly labels various business tax increases as ‘closing corporate tax loopholes,’ and relies on gimmicks that conceal true deficits. And there’s a new gas tax.

TAGS: budget, COVID-19, JB Pritzker, tax hikes

Weak accounting standards enable Illinois budget deficits

By Justin Carlson

02/19/2021

While the private sector is held to a higher standard, rules from the Governmental Accounting Standards Board have enabled Illinois to engage in reckless financial practices that harm taxpayers and the state’s economy.

TAGS: accounting, budget, deficit, Illinois Constitution

Full Text: Gov. J.B. Pritzker’s State of the State and Budget Address

02/17/2021

Delivered virtually Feb. 17, 2021, from the Illinois State Fairgrounds

TAGS: budget, COVID-19, JB Pritzker, State of the State

Expected $7.5 billion in federal aid won’t fix Illinois budget crisis without structural reforms

By Adam Schuster

02/16/2021

Illinois needed federal aid far more than other states because of pension crisis inaction, as well as an irresponsible pandemic budget. Bailouts won’t protect taxpayers or services for vulnerable Illinoisans, but reforms can.

TAGS: budget, JB Pritzker, pensions

2021 State of the State: Illinois economy weak before COVID-19

By Orphe Divounguy, Bryce Hill

01/31/2021

Illinois’ weak economic foundations and fiscal mismanagement were preexisting conditions that caused it to suffer a deeper COVID-19 downturn. They will also hurt its recovery.

TAGS: budget, COVID-19, JB Pritzker, recession, State of the State

Pritzker calls for $700M in service cuts, silent on pension reform

By Brad Weisenstein

12/17/2020

Illinois’ current budget started out at a deficit, hoped for a tax increase that was rejected and counted on a federal bail-out that never came. Gov. J.B. Pritzker’s best fix is pension reform.

TAGS: budget, COVID-19, deficit, JB Pritzker, pensions

Gas tax, property tax, ticket and fee hikes all part of Lightfoot budget

By Ben Szalinski

12/04/2020

Chicago Mayor Lori Lightfoot is trying to raise revenue to close large revenue gaps partially brought on by the COVID-19 pandemic.

TAGS: budget, Chicago, gas tax, Lori Lightfoot, property tax, property taxes