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.
Published June 3, 2025 EXECUTIVE SUMMARY The best path to empowerment and success, especially for poor people, is work. Work allows us to prosper while providing dignity, upward mobility, the means to support ourselves and create value for others. It’s how we become thriving members of our community. Central to this process is our education...
Despite Illinois law setting clear budget rules, lawmakers routinely fast-track last-minute, backroom deals, keeping voters and other legislators in the dark.
A current union-negotiated contract with Illinois state government gives out-of-the-norm health benefits to government workers at very low cost. State workers’ share is far less than what private-sector taxpayers must spend for health coverage.
Illinois lawmakers can’t budget responsibly if they don’t know how much they have. Governors have a history of fudging the numbers to get what they want.
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.
The latest forecast from the Illinois General Assembly estimates Illinois will have $737 million to $1.2 billion less in revenue than Gov. J.B. Pritzker hopes to spend.
Gov. J.B. Pritzker’s record $55.2 billion budget for 2026 relies on more than $1.55 billion in newly increased revenue estimates to cover cost. That optimism collides with state agencies’ and experts’ sober predictions, meaning taxpayers are again at risk?
Gov. J.B. Pritzker’s 2026 budget includes record spending, cuts to economic development and overreliance on short-term revenue tricks—including a cleverly hidden tax hike, leaving significant work for the state to reach financial stability.
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.
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.