Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
What!! Financial shenanigans in Chicago? Political enrichment schemes? The citizens of Chicago will discover Richie sold the entire city to Nigeria. When will Elon Musk build the tunnel to whisk important politicians and celebrities around fire fights and disrespectful mobs of teens and young adults
Someone is going to be found with their hands in the till. Probably a democrat and probably related to daley somehow. Just like they robbed the CollegIllinois funds
I would love to do this type of stuff when I retire. They are going to find:
1) Lots of hand in the till as previously mentioned
2) Lots of horrible investments – the article says THIRTY FIVE percent in alternative/non liquid assets
3) Lots of “other” and lots of “what’s this?”
4) Someone’s brother/other relative ran some part of the fund and charged exorbitant/ghost fees
Probably the main challenge will be to get the real books on the mess.
The crony investments make the rate of return assumptions laughable. Every time I read of Illinois’ state pension debt at $141B I chuckle. Outfits like Moody’ which peg the debt at $260B are being too generous towards the state. Lots of pressure on the Chicago police pressure. It is no longer a good place to work so the impact of a deluge of retirements may be just one of the precipitating events to pay as you go status.