As for the impending $3.2 billion deficit, the report noted only it “will be addressed in the Governor’s Fiscal Year 2026 Introduced Budget.” But, the report noted, spending reductions “cannot be implemented broadly across-the-board,” especially for the 40 percent of spending that is mandated either by court order, law or other obligations, such as debt service, pension payments and Medicaid.
I like how the bar graph splits up the PBO’s into buckets. Those are Pension Benefit Obligations, for you unacquainted with the term. These are all state pensions.
Interestingly, Illinois as a whole did the same dumb tactic of spending as if Uncle Fed’s Coof money would never end as many of our esteemed Executive Directors did. Another, even larger fiscal cliff.
Chicago media on the subjects? Crickets. Like usual.
More like, “You intentionally made this mess. You fix it.”
No more allowance money from Uncle Fed.
Isn’t Illinois Fun?
1 year ago
But, but, but, wasn’t Chubby recently and proudly patting his own back for a balanced budget (ahead of a new Harris admin making cabinet choices?).
Free at Last
1 year ago
Can you hear that train a comin’? Comin’ round the bend.
Yes, you guessed it. Your prize is higher taxes. Much higher given these numbers. At this point, you deserve it. Don’t complain. You asked for it. Now you are going to get exactly what you asked for in spades. Enjoy.
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.
I like how the bar graph splits up the PBO’s into buckets. Those are Pension Benefit Obligations, for you unacquainted with the term. These are all state pensions.
Interestingly, Illinois as a whole did the same dumb tactic of spending as if Uncle Fed’s Coof money would never end as many of our esteemed Executive Directors did. Another, even larger fiscal cliff.
Chicago media on the subjects? Crickets. Like usual.
I can see the headline now:
Trump to Illinois: Drop Dead.
More like, “You intentionally made this mess. You fix it.”
No more allowance money from Uncle Fed.
But, but, but, wasn’t Chubby recently and proudly patting his own back for a balanced budget (ahead of a new Harris admin making cabinet choices?).
Can you hear that train a comin’? Comin’ round the bend.
Yes, you guessed it. Your prize is higher taxes. Much higher given these numbers. At this point, you deserve it. Don’t complain. You asked for it. Now you are going to get exactly what you asked for in spades. Enjoy.