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
Pension costs alone now consume a quarter of the Illinois state budget.
Under the stopgap budget, Illinois will spend $8 billion more than it collects in tax revenues; Illinois needs to enact major reforms to rein in its out-of-control spending and avoid billions in tax hikes.