Pritzker’s proposed budget shorts pensions by $5.4 billion – Illinois Policy

House Bill 0131 and Senate Bill 2512, which contain the proposed budget for fiscal 2027, would appropriate about $11.6 billion to contributions for the five systems. These payments are required by a 1995 state law known as the “Edgar Ramp.” But while that would satisfy the legal requirement, it would not — by a long shot — meet the fiscally responsible requirements determined by the state’s actuaries.
7 Comments
Newest
Oldest Most Voted
Leaving Soon, just not soon enough
5 months ago

The taxpayers cannot afford to pay for pensions any longer. Somehow the state has to end all pensions and let future taxpayers keep some of their own earnings. The Illinois constitution must be changed giving taxpayers’ protection from the greedy public sector.

David F
5 months ago

800 million plus 5.4 Billion, JB will of course say its balanced.

PPF
5 months ago

It would be nice if Pritzker made the actuarial contribution instead of following the Republican Jim Edgar and his horrible pension ramp. Since the voters don’t want to cut spending, does that mean Illinois Policy is onboard with raising taxes to cover this shortfall? Show where you are going to cut 5.4 billion or taxes need to increase. Deal with the pain now or it will be more painful later.

Sanity please
5 months ago
Reply to  PPF

You have left out one important option,
leave Illinois, no pain

Leaving Soon, just not soon enough
5 months ago
Reply to  PPF

Vote with your feet and it will be the best day of you and your family’s life. Give your children the gift of freedom from excessive taxation.

Old Spartan
5 months ago

What the heck. It’s only 5 and a half billion! Any other media outlets other than Illinois Policy or Wirepoints focused on this? Of course not. The politicians who do this are disgraceful, but the media is just s much to blame.

The Railroader
5 months ago

JB the Hutt will call this sham budget balanced. The Hutt couldn’t successfully balance a check book but take his word for it.

Illinois elects its dumbest.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE