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.”
Read more about Illinois’ bad budgets and its financial crises:
- Illinoisans overwhelmed by a ‘shadow mortgage’ of pension debts
- Illinoisans feel the pain of stagnant incomes and skyrocketing property tax bills
- Illinois enacting a progressive tax is like Sears attempting a turnaround by hiking prices
- IRS migration numbers confirm flight of Illinois’ wealthy – Our Monthly Crain’s Article
- New IRS data reveals winners and losers of wealth migration across 50 states
- Why an aging and shrinking Illinois is a threat to public sector pensions