University of Illinois President Timothy L. Killeen said Wednesday that some administrative employees will be laid off and people who retire might not be replaced as the university faces budget cuts imposed by the state’s financial crisis.
Illinois' wealthy don’t need defending. They know how to take care of themselves just fine. But don’t assume that a tax hike on them will be a free lunch for the rest of us. If too many wealthy leave, our reform-shunning legislature will only have one place to make up for the loss in tax revenues: Illinois' middle-income earners.