Illinois House Speaker Mike Madigan’s insistence that Chicago Public Schools receive more than its fair share of state education funding is putting any stopgap budget deal at risk.
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.
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...