Illinois taxpayers spent $3.3 billion more on public pensions between 2017 and 2022 than state forecasts said they would. Had that money not evaporated, it could have paid to repave 150,000 miles of roads or for nearly 25,000 full-ride scholarships.
A new report shows Illinois is likely to face financial challenges when the federal stimulus money propping up its current budget runs out. That reality is very different than the Pritzker campaign claims about fiscal responsibility.
From 2005-2019, Illinois revenues totaled just 94% of expenses. The state ran deficits in each of the 15 years prior to the COVID-19 pandemic. Only New Jersey overspent more.
Illinois ranked 14th worst in the nation for road infrastructure with 20% of state roadways non-acceptable and 12% of bridges in poor condition by federal standards. It was near last in spending on repairs.
During the past decade, one of the few taxpayer-supported local history museums in Illinois collected over $2 million. That is ending, but not before another $300,000 in taxes is handed to the museum.
Out of 150 cities, Chicago came in almost at the bottom when the quality of city services and the total budget per capita were ranked, confirming what most Chicagoans already knew.
Under a new proposal, the city of Chicago would issue debit cards to 5,000 low-income residents that provide $500 each month for a year using some of its COVID-19 relief money.
Putting the public’s business on public display can help Illinois reform its culture of corruption and control government waste. An Illinois House bill will put more local government records online.
Lawmakers made no serious attempt to balance the new budget, instead counting on a federal bailout. They accepted an $1,800 raise for themselves, while only making significant cuts to education.