Day: May 7, 2015

Other States Balk at Multibillion Dollar Cost While Illinois Spends Blindly on Energy Alternatives – In Depth – WP Original

By: Mark Glennon* “Wait a minute,” I said to an Illinois House member at a recent forum, and repeated the question to be sure I had her answer right: “You’re a leading sponsor of a massive rewrite of our energy policy that may cost billions of dollars, but you’re telling me you have no idea how much it costs? “Yes,” she answered. She is not alone and that was no isolated incident about one bill. Cost to consumers for sustainable energy is rarely measured and made available to voters, in contrast to other states. Nobody in Illinois seems to care.

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Civic Federation rejects Rauner’s budget, wants new taxes

Among the Civic Federation’s proposals: Raise the income tax, expand the sales tax, and tax retirement income. Comment: Some of that may end up being necessary, short term, but it will backfire in the longer term by running off more people and employers. A very noticeable change in The Civic Federation occurred several years ago when it went soft on many issues, particularly pension reform.

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Illinois governor says no bailout for Chicago – Reuters

Rauner and Emanuel both said on Wednesday that the city and the state must make sacrifices to reach a joint solution, but neither provided much detail of where compromise may be found. Illinois has the lowest credit rating of any U.S. state, which makes it expensive to borrow money.

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