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 the big picture plan has the assets of all these individual plans combined into one big fund. The plans are significantly under funded today. So there will be some administrative cost savings and projected higher return. Also there is a range in funding levels from below 20% to 80+ percent. In the future consolidated plan will there be any benefit for those local governments that have made more appropriate contributions or negotiated more responsible salary and benefit packages? Or will the responsible local governments assume the liability for those local governments that failed to fund at appropriate levels for… Read more »
For now, there is no full consolidation like that proposed. No municipality would share liabilities with another under the proposal. It’s just a proposal to consolidate investment management. However, I agree there is risk of it morphing into something bad like that, which will be the subject of my monthly Crain’s article later this week.