Gov J.B. Pritzker is on a bus tour celebrating his accomplishments for working families in Illinois. Accomplishment No. 1: Working families have paid more than $4,000 in additional taxes since Pritzker took office.
Published Aug. 17, 2022 Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension...
Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.
Voters decide Nov. 8 whether to pass Amendment 1 – a hidden tax hike that could cost Illinois taxpayers, including fixed-income retirees, their homes and put homeownership farther out of reach for young families.
The government union-backed website claims Amendment 1 would put more money in the pockets of working Illinoisans, but the change could only benefit the 7% who are government employees. All families would pay $2,149 more in property taxes.
Many Chicago charter school bargaining agreements are expiring this summer, and the Chicago Teachers Union is positioning itself to grow its power by diminishing charter schools as an alternative for parents and students.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...