Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...View Report
State spending has grown nearly 50 percent faster than Illinoisans’ incomes during the past decade. State Sen. Tom Cullerton, D-Villa Park, has proposed a constitutional spending cap that offers a long-term solution to the state’s budgetary problems.
A progressive income tax structure in Illinois would mean tax hikes on the middle class. State Rep. Jerry Costello, D-Smithton, has joined the fight against a progressive tax hike in Illinois.
Illinois Gov. J.B. Pritzker has said his first year deficit is $3.2 billion, but he intends to spend hundreds of millions more than planned under previous baseline budgeting.
A spending cap proposal filed by state Sen. Tom Cullerton, D-Villa Park, would ensure growth in government spending doesn’t exceed taxpayers’ ability to pay for it.
Every relationship comes with its sacrifices. But for an alarming number of Illinoisans, parting ways with Illinois is how they choose to get on with their lives.
Despite its residents dealing with a high county and state tax burden, the village of Rosemont has spent millions on frivolous entertainment costs in recent years. Taxpayers shelled out $65,000 for pizza joint.
Amid two record-breaking income tax hikes, growing property tax bills and population decline, the Land of Lincoln’s income growth is trailing the rest of the nation.
The union’s own reporting shows only 20 percent of its overall spending is on “representational activities,” which should cause members to question what they are paying for.
Severely underwater public safety pensions have already derailed the finances of other municipalities, such as Harvey and North Chicago.
The Land of Lincoln's meager rainy day fund would leave the state exposed in the event of another recession.