The city of Springfield needs nearly $270 million more in revenue to meet the required contributions to its pension funds for retired police officers and firefighters.
Illinois Gov. J.B. Pritzker advised state agencies to prepare for budget cuts next fiscal year, despite approving $4.7 billion in tax and fee hikes in his first year alone.
Each year St. Clair County, Illinois, taxpayers must add money to keep MidAmerica St. Louis Airport open. While passenger traffic is increasing, so are expenses.
Gov. J.B. Pritzker’s “fair tax” plan falls far short of the revenue needed to pay for his spending promises – feeding fears of future tax hikes on middle-class families.
Data from the American Petroleum Institute confirms doubling Illinois’ motor fuel tax will bring total taxes paid at the pump to third highest in the nation, up from 10th highest a year earlier.
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.