Despite a brightened financial picture, battle looms over Pritzker’s tax changes and federal relief money as legislators work toward a budget – Chicago Tribune*
The additional revenue wouldn’t have been needed if Pritzker and the legislature’s Democratic majority had cut spending for the current year rather than relying on borrowing and the hope they could use federal aid to pay it off, House Minority Leader Jim Durkin said.
What’s not mentioned in articale is the $2.6 billion illinois borrowed from feds to cover unemployment. I thought I was reading in crains the hope was this debt would be majically forgiven by feds. Illinois can use its fed biden bucks to pay back/ replenishing its unemployment funds as other states are planning. Unlike Illinois, this seems #1 priority for other states in great fiscal shape which is an indirect way to offer tax break to businesses. Jb, on the otherhand, wants to increase taxes on business. Is any other state increasing taxes?..we are a joke. Bloomberg Law: States OK… Read more »
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.
What’s not mentioned in articale is the $2.6 billion illinois borrowed from feds to cover unemployment. I thought I was reading in crains the hope was this debt would be majically forgiven by feds. Illinois can use its fed biden bucks to pay back/ replenishing its unemployment funds as other states are planning. Unlike Illinois, this seems #1 priority for other states in great fiscal shape which is an indirect way to offer tax break to businesses. Jb, on the otherhand, wants to increase taxes on business. Is any other state increasing taxes?..we are a joke. Bloomberg Law: States OK… Read more »