The status quo isn’t working for Illinois; the state needs serious reforms to get its spending under control, pay down its debt, and rein in the taxes that are driving its people across state lines.
The Illinois Senate budget proposal merely puts off the state’s day of reckoning through more of the same: tax hikes, borrowing and spending, without the necessary reforms to put the state on a path to fiscal and economic health.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.