Illinois Senate President John Cullerton’s pension bill could be unconstitutional, is unfair to workers and based on unproven math, and perpetuates Illinois’ broken pension system.
While Chicago-area taxpayers struggle under a heavy tax burden, lawmakers – who continue to ignore reforms the state desperately needs – are now on a two-week vacation.
The Taxpayer Bargain finally shifts the budget conversation in favor of taxpayers over politicians, with a plan that balances the state budget without tax hikes.
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
State Sen. Dan McConchie, R-Hawthorne Woods, filed legislation March 23 that would give the Illinois Comptroller’s office discretion to delay payments to lawmakers if insufficient funding exists to do so. This came just hours after a Cook County judge said lawmakers must be paid.
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.