$224 million planned to renovate parts of Illinois State Capitol – Center Square

The total project will take years to complete, with funding coming from the Rebuild Illinois capital construction plan enacted in 2019. That law doubled the state’s gas tax, pegged yearly increases to inflation and increased other driving fees. There’s also revenue from gambling expansion to pay for projects around the state.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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