Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
When JB’s lips are moving he’s lying!!
The Gub would rather have all Illinois fall on his sword than work with Trump. His ego is too big
JB should start negotiating with Trump even if he can’t completely eliminate the funding this year for Illinois he certainly will next when JB is already projecting a 3.5 Billion deficit w/ federal money.
Better to drop DEI and Sanctuary now, then “bend the knee” when the state cannot pay any bills or state employee’s.
JB and other democrats are winning in the courts and he gets to prove his “progressive” credentials. It’s a win-win for JB. Why would he want to negotiate? That wouldn’t align to his long term goals. As far as next year, I think you’re delusional if you think the next budget actually has significant cuts. Legislators win by bringing home the bacon regardless of what the GOP states on TV. Trump can only lose 3 GOP votes in congress. As it is, vulnerable (blue leaning districts) GOP congressman don’t want to take a difficult vote to cut spending only for… Read more »
Looks like broke Illinois and other blue states are going to get giant SALT cap lifted to north of +$30gs (https://thehill.com/homenews/house/5291274-moderate-republicans-salt-deduction-cap/) for DT to land his ‘one big beautiful deal’. Then you have to assume that gives Illinois dem machine cover to go ahead w graduated income tax or tax on $millionaires?….but with dopey taxpayers getting zero prop tax relief , zero cuts to 9,000 units of gov, etc, etc and higher income taxes in end. PREPARE TO GET PLAYED BIG TIME CUMBALONES!!!
You sure about that 30k SALT cap? New York GOP members don’t like it and they hold quite a bit of power. Sure you can primary them but they can run on lowering taxes for their constituents while the challenger could say it helps out “rich” blue state residents. I’d take that challenge if I was a NY congressman. Your own link that you provided stated they “reject it” in the title.
https://www.politico.com/live-updates/2025/05/08/congress/ny-republicans-say-they-rejected-30k-salt-offer-calling-it-insulting-00336993
I do like your thought around Illinois increasing taxes at the very time the SALT tax cap is increased. I could definitely see that happening.
Illinois residents are just tax mules for PPF and his public union bros!!