“Pritzker’s budget doesn’t change the trajectory of Illinois, it’s not a budget for a nearly junk-rated state that’s losing people.” – Ted on the Illinois Channel

Ted went on the Illinois Channel to give Wirepoints’ reaction to Gov. Pritzker’s proposed 2021 budget.

“The budget that Governor Pritzker just delivered isn’t a budget for a nearly junk-rated state. It’s not a budget for a state that’s losing more people than every other place except New York. It’s not a budget for where home values are some of the lowest in the nation and not rising here like they are everywhere else. It’s not a budget for a state that has some of the highest taxes, and definitely the second highest property taxes in the nation.”

“It’s déjà vu all over again. An unbalanced budget. No reforms. More spending. And of course, more tax hikes.”

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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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