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.
So at two notches above junk IL “basks” in the Moody’s upgrade? Is that like having two new trolls arrive at the bar so now you are celebrating at no longer being the ugliest girl in the bar??
From Moody’s “Illinois still faces longer-term challenges from unusually large unfunded pension liabilities, which are routinely shortchanged under the state’s funding statute. These liabilities could exert growing pressure as the impact of federal support dissipates, barring significant revenue increases or other fiscal changes,” the ratings upgrade analysis reads.Moody’s warns that Illinois’ progress could be thwarted should the state attempt to scrimp on pensions in the future. Looks like Moody’s is telling the state that they will need to increase taxes since we know cuts are unlikely. Pay the pensions or risk a downgrade. Raise the income taxes to 6.95% and… Read more »
Remember the words of Pepetitus. “If they are based, do not quarrel with them. If they are shills, ignore them.”
Since the structural budget issues still exist and will only get worse with growing pension requirements, there isn’t much time to bask.
And a round of low interest loans to everyone. Payback terms lax to nonexistent. Lori’s aces will establish the term sheets when the water pipe replacement is completed. Please be patient, this is an abundance of caution….?
Yes, first upgrade after 20 years of downgrades. Strange how the downgrades didn’t get any press. Hmmmm.
Shows how fragile the ego is of Illinois leadership.