-- Connecting the dots between our economy, government and business --
The health and social services cost increased from $31 billion in 2019 to $48.7 billion in 2023, according to budget documents recently released by the state comptroller, resulting in a 32% increase in spending. Health and social services increased by $4.1 billion from FY 2022.
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Summary and audio linked here.
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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Audio and summary
Let’s not forget that Pritzker makes lots of money off of healthcare.
https://www.chicagobusiness.com/politics/pritzkers-personal-fortune-intersects-state-contracts
I did not realize that health and social services made up 46% of Government spending in Illinois. Despite the formidable spending we can see that the spending will be significantly increased in order to deal with the migrant situation. The pension issue alone will require weighty tax hikes in the future and now the migrant issue too. My guess is that Pritzker hopes to be elected/appointed to a National office so as to distance himself from the mess that Illinois is to be in the not too distant future.