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.
When Skokie goes bankrupt it’s likely that bondholders will experience a haircut. The bondholders can’t get their money back from the pension fund. Meanwhile, the bond proceeds (less issuance costs) go into the pension fund. In effect the pensioners win and the taxpayers lose. If Skokie doesn’t go bankrupt, the bondholders will likely continue to get their money from the city and taxes will go up or services will go down. Same result. Public employees and their unions presumably pushed this program, and the legislative and executive branches of city government went along with it. Likely underwriters and bond counsel… Read more »