Madigan’s record $40 billion spending proposal and its $7 billion deficit revealed he was never serious about reaching a budget deal with Rauner. Instead it was nothing more than an attempt to create a deeper fiscal crisis, force additional tax hikes and create a bailout for the city of Chicago. As long as Madigan and other lawmakers keep prioritizing politics over people, Illinois will continue its downward spiral.
The average single-family home in Chicago will see a $400 increase in property taxes. And property-tax revenues for the city of Chicago will top $1 billion for the first time in city history.
Under former Gov. Jim Edgar’s pension ramp, unfunded pension liabilities have increased nearly $100 billion despite taxpayers contributing $16.4 billion more to the five state-run pension systems than required under the Edgar plan.
For years, Illinois lawmakers have prioritized government-worker pay and benefits over social services. Between 2000 and 2015, contributions to Illinois state-worker pension funds shot up 586 percent, while state payments for human services increased by only 10 percent.
If AFSCME workers cannot be paid in the absence of a budget appropriation, pressure will be turned up on the governor to agree to the union’s unreasonable demands.