Pritzker signs $55.1B state budget reliant on $700M of new taxes – Capitol News IL

Senate Minority Leader John Curran condemned lawmakers for failing to deliver significant tax cuts since Gov. JB Pritzker took office in 2019 when Illinois’ budget totaled about $40 billion. “You know it’s a bad budget when it’s based on nearly $1 billion in tax increases and enhancements,” he said in a statement.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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