Budget & Taxes

Common sense prevails for once in the Illinois statehouse – Wirepoints

It’s rare for common sense to win out when talking about Illinois state budgets, but here’s the story of one lawmaker’s idea that came out on top. It’s the simplicity of the idea that makes it special. Not only has it helped Illinoisans avoid billions in unnecessary pension increases, it also preempts a potential issue with the IRS.

Read More »

Tax cuts, Gov. Pritzker? – Wirepoints Video Clip

Gov. Pritzker claims Democrats cut taxes for everyday people. What tax cuts? Illinoisans are paying the nation’s highest property taxes, the 2nd-highest gas taxes and the highest cell phone taxes. Where are the tax cuts for everyday Illinoisans, Gov. Pritzker?

Read More »

They’ve destroyed jobs and opportunity for black Chicagoans – Wirepoints

Politicians have made a mess of opportunities for blacks in Chicago. In preparation for my Chicago Tonight’s Black Voices appearance last week, I pulled together several key facts on how Chicago blacks were fairing vs. the nation’s other big cities. The data, straight from the U.S. Census or the U.S. Bureau of Economic Analysis, is dismal.

Read More »

West Coast gas prices for Rust Belt Illinoisans. – Wirepoints

Illinoisans are paying West Coast gas prices for the pleasure of living in the Midwest. The latest data from AAA shows Illinoisans pay an average of $3.41 per gallon of gas, the nation’s 7th-highest price and the highest east of the Rockies. The six states with higher gas prices are all on the West Coast.

Read More »

Shutter, roll back, freeze. Three things Chicago Public Schools needs to do. – Wirepoints

Lawmakers won’t pursue the structural reforms needed to fix CPS, so the only real short-term fix is to cut the district’s ballooning costs. Like shuttering the district’s dozens of near-empty schools. Or rolling back the massive increase in non-teacher staff hired during covid. Or holding the line on teacher salaries, which are now among the highest in the country.

Read More »

Wondering how Illinois’ projected $3.2 billion budget deficit disappeared? – Wirepoints Quickpoint

A little more than three months ago the governor’s budget office projected a whopping $3.2 billion deficit for 2026. So it’s reasonable to ask how that deficit simply disappeared when Pritzker released his proposed 2026 budget last week. It’s a particularly interesting question given that Pritzker declared in his budget speech: “I am not going to base a budget on bloated revenue estimates.”

Read More »

Beyond the Nazi accusations. What you should know about Gov. Pritzker’s budget address – Wirepoints

There were two big takeaways from Gov. J.B. Pritzker’s 2026 state of the state and budget address. First was Pritzker’s use of the speech to frame Trump and, by extension, his 70 million-plus supporters, as Nazis. The second big takeaway is how wide the gap has gotten between what the governor says he’s done for Illinois versus reality on the ground.

Read More »

Illinois badly needs disruption. Trump will deliver some, but most must come from everyday Illinoisans – Wirepoints

We’re not arguing for Trump to come and directly target Illinois for disruption, though we’ll benefit from much of what the president does at the federal level. The real disruption Illinois needs is local – and Illinois-specific. We don’t need Trump for that. We don’t need the feds. We don’t need outsiders. We need to do it ourselves. Ordinary Illinoisans disrupting what’s wrong with our state.

Read More »

Gov. Pritzker’s grocery tax shuffle – Wirepoints

This week Palatine became the latest Illinois city to pass a 1% local grocery tax in anticipation of the statewide tax expiring in 2026. That’s reminded us of something that shouldn’t be left unsaid: Gov. J.B. Pritzker’s elimination of the statewide grocery tax was little more than an attention-getting stunt. He says he’s canceled the tax, but all he did was shuffle the impact to somewhere else.

Read More »

Pritzker admin’s past and future spending excesses mean $23 billion in upcoming deficits – Wirepoints

The governor’s budget office recently projected $23 billion in deficits over the next five years. Why? Pritzker wants to continue the pandemic-era spending he’s put together since coming into office in 2019. If the governor has his way, the state’s budget will have grown by a whopping $23 billion by 2030 – a near 60% increase in little more than a decade.

 

Read More »

Pritzker’s new budgets forecast $3 billion to $5 billion deficits, make property tax relief from millionaire-tax ballot referendum unlikely – Wirepoints

Pritzker’s team on Friday released its five-year budget forecast and said it expects a whopping $3.2 billion deficit for next fiscal year, a $4.3 billion deficit for the following year, and $5 billion-plus deficits in each of the years 2028 through 2030. Those deficits would effectively swallow up the revenues of the “millionaire’s tax,” leaving little to nothing for property tax relief.

Read More »