The Civic Federation’s criticism of Gov. Bruce Rauner’s proposed budget is a mixed bag, with its own proposals for Illinois’ financial crisis – including nearly $3 billion in tax hikes – missing the mark.
After passing an unbalanced budget in 2017, Decatur will have to address its declining population and revenue as it looks ahead to crafting future budgets.
The Mount Prospect village manager is set to receive a $214,000 salary in 2018, joining a long list of other Illinois municipal officials collecting similar and even larger paychecks.
High-priced government workers cost taxpayers in Illinois $10 billion a year, with municipal managers in areas surrounding Chicago reaping the most benefits.
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
Despite Illinois’ billions in deficit spending and skyrocketing debt, the Illinois House of Representatives passed House Bill 278, which would transfer an additional $300 million per year of state income tax funds to local governments, continuing to prop up local overspending that fuels high property taxes.
In 2015 alone, Illinois state government redistributed more than $12 billion in income and other taxes to local governments. These financial shell games have created a needlessly complex system and make it difficult for local taxpayers to hold their governments accountable.