-- Connecting the dots between our economy, government and business --
Gov. J.B. Pritzker, focused on winning over voters on a new graduated-rate income tax, is dismissing a proposal floated by a property tax relief task force that would expand the Illinois sales tax base to help fund public schools.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Why was the task farce necessary if Jabba already has all the answers?
Ok Pritzker then what is the “Another way” open your big mouth and speak up. Tell people in Illinois what you are looking for. OMG did you forget that yes you are GOVERNOR of Illinois. My god man get with it. Don’t worry Madigan won’t spank you for doing your job, he will be gone soon.