Illinois is dead last of the 50 states in its ability to handle a financial crisis. It couldn’t last a month. The rainy-day fund that should be its primary reserve, and that Gov. J.B. Pritzker lauded himself for refilling, could barely cover two weeks.
Most neighboring states are gaining residents from people moving across state lines. Even of the states losing people, Illinois is losing at a significantly faster rate.
Illinois Gov. J.B. Pritzker invoked a fairy tale about magic beans and a giant during his annual state of the state and budget address. Too bad he forgot to take an ax to the giant, record-setting budget he has grown by $16.7 billion since taking office.
Nearly 2 million Illinoisans, with around half in Cook County, relied on federal food assistance in October 2024, marking a 12% increase in five years.
Illinois leaders have built a legacy of massive government spending deficits, extortionate taxes, marauding criminals and failing schools. Instead of Trump-proofing Illinois, maybe we need to Pritzker- and Johnson-proof it.
Published Feb. 10, 2025 Even though federal COVID relief funds provided an unexpected windfall, that one-time jolt of cash could leave many Illinois localities even worse off than they were before. That boost in revenue allowed local governments to put off difficult budgeting decisions, and as that revenue dries up, municipalities will have to contend...