State revenue losses around the country have ranged from far less than expected to non-existent. Fiscally healthy states are giving back to taxpayers. That doesn’t include Illinois.
Pension debt is a record $144.2 billion while Illinois’ short-term debt is on track to reach $22 billion in three years, exceeding the record $16.7 billion hit during the budget impasse.
Illinois Gov. J.B. Pritzker said his reelection campaign will focus on his record of protecting people and their jobs. A close look at that record shows Illinois with worse employment prospects and greater racial disparities than the rest of the U.S.
Leaders claimed the budget was balanced and included no tax hikes, but neither is true. Illinois state lawmakers for the 21st time passed a deficit budget – one that includes $655 million in new taxes and a nearly $1,200 raise for themselves.
Illinois averaged over one federal public corruption conviction a week during the Madigan era. That is the most convictions per capita among the top 10 most populous states between 1983 and 2018.
Illinois politicians are already talking about taxing retirees, adding “surcharges” and city income taxes if they can convince voters to abandon the Illinois Constitution’s flat tax protection and give lawmakers greater taxing power.
During the thick of the COVID-19 pandemic, the Illinois Farm Bureau twice made it a priority to tell members to oppose Gov. J.B. Pritzker’s progressive income tax hike. Their opposition is about values and principles.