The budget signed into law by Gov. J.B. Pritzker included a $1,600 pay raise for the Illinois General Assembly – which already collects the nation’s 4th-highest base salary for state lawmakers.
Persistent budget deficits, enormous and growing pension obligations, a high debt burden and labor contract negotiations all await Lori Lightfoot as she settles into office.
Contrary to claims from both Republicans and Democrats, and despite raising nearly $1.1 billion in new taxes and fees for operations, the fiscal year 2020 budget is out of balance by between $574 million and $1.3 billion.
A provision included in Illinois’ previous budget aimed to protect state taxpayers from end-of-career salary spiking in local school districts. The budget proposal en route to Gov. J.B. Pritzker’s desk would repeal that protection.
The Illinois General Assembly sent $85 billion in proposed spending to Gov J.B. Pritzker’s desk in a matter of days. That package included tax hikes on ordinary Illinoisans and pay raises for all state lawmakers.
A new governor and Democratic supermajorities have retained the same chaotic budgeting process that has brought the state’s credit rating to near-junk status.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.