Once signed into law, the new budget bills will allow State Comptroller Susana Mendoza to pay down the state’s pension debt quicker if the state takes in excess tax revenue. She currently can only legally pay what’s owed each month regardless of whether the state takes extra tax revenue. Beginning in the next fiscal year, she’ll be allowed to put all the extra dollars towards the state’s pension debt.
Susana Mendoza’s mendacity typifies the Illinois entrenched political class. She correctly claims that Illinois obligations have been reduced a small bit but fails to mention that massive infusions of cash courtesy of Uncle Fed are responsible for this improvement. The cash spigot has been throttled back. Mendoza considers this ‘vanilla’ budget to be balanced even though it ‘requires’ around $1 billion in tax hikes on Illinois businesses. She also claims that these business tax hikes will miraculously skip over the middle-class taxpayers. What an amazing achievement. It is also a bold-faced lie. Businesses pay taxes not from cash beamed into… Read more »
Last edited 2 years ago by The Railroader
William Butler Hickok
2 years ago
She lies as she smiles at you, this type of politician is very dangerous.
Never turn your back to her.
Susana Mendoza’s mendacity typifies the Illinois entrenched political class. She correctly claims that Illinois obligations have been reduced a small bit but fails to mention that massive infusions of cash courtesy of Uncle Fed are responsible for this improvement. The cash spigot has been throttled back. Mendoza considers this ‘vanilla’ budget to be balanced even though it ‘requires’ around $1 billion in tax hikes on Illinois businesses. She also claims that these business tax hikes will miraculously skip over the middle-class taxpayers. What an amazing achievement. It is also a bold-faced lie. Businesses pay taxes not from cash beamed into… Read more »
She lies as she smiles at you, this type of politician is very dangerous.
Never turn your back to her.