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.
There are public entities that are still using Covid funds to balance next year’s budget. Those funds are running out and either service cuts get made or the money is going to need to come from somewhere. The ratings agencies seem to be ignoring reality.
“The ratings agencies seem to be ignoring reality.” How are the rating agencies “ignoring reality” when they are the same ones stating that the city needs a “revenue strategy” to continue improvements in their ratings? “While the city has made some important progress on the expenditure side, the new mayor’s first budget didn’t make similar strides on the revenue side, according to Fitch Ratings, which upgraded Chicago’s general obligation debt to BBB-plus from BBB in October. For example, the budget didn’t include raising the property tax levy to account for inflation”“Chicago’s credit quality “is heavily pressured by its expenditure burden… Read more »