While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Even with 32 percent tax hike, Illinois State Comptroller expects only $5 billion of the state’s unpaid bills to be paid down.
Rank-and-file lawmakers have received paychecks of more than $50,800.
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.
Illinois Comptroller Susana Mendoza is suspending funding for a technology initiative Gov. Bruce Rauner has said would save taxpayer money and promote efficiency, data security and transparency in state government.
Attempts to cut off state worker pay need not end in a tax hike.