Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
10 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.
All these years, no one once thought of indexing the interest penalty rate against the current rate?! In 1993, the year this was enacted, the 10-year Treasury rate was over 6%. In the years prior, it was 7-8%. So maybe in 1993, a 12% rate made sense. But the 10-yr rate hasn’t been over 4% since 2008. This rate hasn’t made sense for multiple governors. Mendoza should’ve been lobbying to change the law. What has she been doing all this time? Mendoza was referring to a 1993 law known as the Prompt Payment Act, which says that whenever the state fails… Read more »
Due to government malfeasance, ineptitude and corruption the state spends more than it takes in. The state government then finances this on the back of vendors performing services under contract by not paying their bills in a responsible timely manner. One example was health care premiums and payments. Delaying premium payments to insurers and professional payments to providers has costs ….to those taxpayers operating this businesses . They have to borrow money against their state debt which shifts the interest payments to the “taxpayer”. On top of that when cash becomes available to payoff the debt they pay the interest… Read more »