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
-- Connecting the dots between our economy, government and business --
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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.
What would be the public finance implications if the Biden administration followed existing laws?
Exactly.
Bond financing should be limited to projects that will have utility for many years: water systems, bridges, roads, etc. Things in the PUBLIC interest. Other uses of tax-exempt bonds are simply a way to kick the can and postpone reckonings that should be made (or, in most cases, are overdue). One might analogize an individual’s decisions to finance a house, a car or a vacation. For some, this is a path to financial ruin. Public financing is obviously different from personal in terms of who has to live with the consequences. Clearly not the consultants, actuaries, bond lawyers, etc. who… Read more »