Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
14 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.
Other articales i read state the many pension, privat & public, are required by law to keep majority of there investments in bonds.. and many pension, private & public, are looking to get out of those restrictions and invest larger % in higher risk–stocks, private equity, hedge funds, private debt, etc. Are illinois pensions under any those legal restrictions to keep fixed % in bonds?
Yes, the 650 local police and fire pensions are required to keep a certain portion in bonds, depending on their size. 40% to 60% is common. The biggest state and Chicago pensions are pretty much free legally to do what they want. However, even they are forced to keep more in bonds than they would like because they are so underfunded that they need most of their investments for short term cash needs, which require the certainty of short term bonds.
Thats huge, wonder if all those 650 cop and fire pensions are pressuring jb/state to let them dump the bonds and take on giant risk—because the tax payer will bail them out when it all collapses