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Pritzker’s reluctance to embrace a more comprehensive approach to overhauling the tax system after his failed effort to amend the state constitution in 2020 to allow for higher rates on larger incomes suggests a wariness about giving credence to political opponents eager to brand him as a tax-raiser.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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What a BS headline by Tribune. “Budget cuts”? The budget increased by $2 billion, a primary fact not even mentioned in the article.
There were cuts in the budget Mark. It’s factual. The headline states “cuts” and “tax hikes”. There were tax hikes. It’s factual. Did JB blame Trump? Yes, it’s factual. Not sure why that headline that is factual would be BS.
Oh, come on. There are always cuts in something. It’s the big jump in the budget total that matters.
“Big jump”? So you want them to provide an opinion that the budget is too much rather than just stating what happened. They provided you with the total amount but you want them to say it’s too high. That’s not how true news should be done. Isn’t that for the reader to decide? “It’s the big jump in the budget total that matters.” To you it may be what matters but to other readers they may want to know if something was cut that impacts them or their family. I would have preferred they compared the increase to other budgets… Read more »
Notice, that the with supposed budget saving they are making not one of are public sector heroes is getting laid-off. With most savings coming from medicaid cuts for immigrants, to cutting back on grants and raiding ‘rainy day fund’. All while JB blames DJT: “We would not have suffered this problem had we not had the Trump slump affecting us,” Pritzker said. “There are $500 million of reduced revenues to the state of Illinois as a result of what Donald Trump has done to a booming economy.” All while the only thing “booming” in JBs “booming economy” is new gov… Read more »
Trump ? Really ? Putzger you’ve hit a new low.
“(JB the Hutt’s) reluctance to embrace a more comprehensive approach to overhauling the tax system…” This line, lovingly slobbered by DNC operatives and pretend ‘journalists’ Dan Petrella, Jeremy Gorner, Olivia Olander and someone named Chicago Tribune, is how the fraud news enables the Illinois chapter of the Government Industrial Complex. Echoing and amplifying the near constant bloviating and excuse-making by the head of the Illinois GIC passes for news at the long-dead former newspaper known as the Trib and their vape-addled friends at Yahoo News. The near-intern authors could have simply stated plainly that HB the Hutt desperately wants to raise… Read more »
Pritzker tariffs are Trumps fault. Certainly can’t be the single party rule in IL these last 100 years where democrats reward democrats with pork and pensions they don’t have the money to pay for.
Do IL voters buy Pritzker blaming Trump for every problem in IL? Was it Trump’s fault that IL spent all that Covid money, knowing it would eventually run out? Other states surrounding IL are cutting taxes. Our state has cut income, property taxes, and corporate tax rates. Our property taxes go DOWN yearly, granted only $10-$15, but still, down. IL huge pension debt goes up and up yearly. Don’t hear other states blaming Trump for their budgets. And let’s not forget all of BJ’s budget trouble.
Illinois is formerly deceased.