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.
Failed Governor Pritzker Has An Embarrassing, Sweaty, Red-Faced, Fat-Kid Temper Tantrum, When Critics Point Out The Fraud In His Fake Budget Projections – Crain’s Chicago Business
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The crux of the matter is the differences between FASB (financial accounting standards board) and GASB (government accounting standards board) accounting rules. Businesses and individual a required to follow FASB which recognizes income (money brought in), liabilities (what you owe). If you borrow money, the income is recognized, but so is the liability (money has to be paid back). So they essentially offset one another. Governments follow GASB which has standards that don’t require all liabilities (like pension debt) be included. Some might call it lack of transparency or slight of hand – but it’s following GASB standards. Fortunately for… Read more »