NEW: We looked back on @JBPritzker's term so you don't have to
Property taxes:
✅modest local pension consolidation
❌failure to lead on long-term pension reform
Other taxes and fees?
We’d rather not relive it but here you go. ⬇️
Budget:
✅$14B from the federal government
✅$1B added to rainy day fund
✅6 credit upgrades
❌continued deficits
❌lowest credit rating in U.S.
❌missed unemployment fund loan repayment deadline
❌businesses on the hook for $64M to repay the above debt
Jobs and economy:
❌3rd-worst unemployment rate in the U.S.
❌worst home foreclosure rate in the U.S.
Jobs:
✅gains from Kellogg’s, Rivian and Amazon
❌6 major companies relocated out of state
❌overall business climate fell to 36th from 29th in the U.S.
❌only state in the U.S. to drop in business tax climate ranking in 5 years
Pensions:
⚠️@JBPritzker inherited the worst pension debt in the U.S.
✅contributed $500M more than required in 2022
❌It’s since skyrocketed by $72B
❌pension costs now consume 25% of the state budget
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