Illinois has a chance to fix its state finances, thanks to federal relief. But unless pension growth is brought under control, both retirees and taxpayers will be at risk as debt continues to consume state services.
COVID-19 showed everyone the heroes in health care and essential services, but it also exposed weak character or bad behavior of many in Illinois government.
Illinois’ current budget started out at a deficit, hoped for a tax increase that was rejected and counted on a federal bail-out that never came. Gov. J.B. Pritzker’s best fix is pension reform.
Illinois House Speaker Mike Madigan made a pitch for keeping his leadership despite a federal corruption probe. He told Black state lawmakers he can deliver a tax hike and a new legislative map, again favoring Democrats.
Enough Illinois House Democrats already said they would vote to end Mike Madigan’s 35 years as speaker but losing a party leader will make it much more difficult for him to retain power.
Madigan already had lost enough support to end his 35-year run as House speaker, but the gap continued to widen as Illinois’ governor added his rebuke.
After decades under Illinois House Speaker Michael Madigan’s rule, Illinois is corroding from his concentration of power. Robust ethics laws, rules and norms could stop a new Madigan from rising.
On the heels of losing his signature “fair tax,” Illinois Gov. J.B. Pritzker wants House Speaker Mike Madigan out as the state Democratic leader. Both U.S. senators also make that call.