Illinois Policy Profile picture
Oct 19, 2022 8 tweets 4 min read Read on X
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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More from @illinoispolicy

Sep 3
1/ Illinois’ pension hole is so deep you could sell every NBA team and still come up $4 billion short.

Read that again.

Here's how it got so bad—and how state leaders will climb out (if they're smart).🧵
2/ Illinois’ five state-run pensions are only 46.1% funded—meaning just 46¢ saved for every $1 promised.

That’s why the hole is $143.7B and growing. Image
3/ For scale:

👉Sell all 30 NBA teams and you’d still be $4B short

👉It equals ~19% of what Illinois produces in a year

👉A family of four’s share of the debt is $45,000+
Read 7 tweets
Jul 24
1/ 🚨NEW

She makes $265,150 a year.

She demands the “wealthy” pay their fair share.

But she still refuses pay her water bill—so you're covering her tab.

Chicago Teachers Union President Stacy Davis Gates strikes again. 🧵Image
2/ Stacy Davis Gates owes $1,006.95 in unpaid water, sewer, and trash bills to the City of Chicago.

She did this last year too.

Back then, she let her bills pile up for over 3 years, hitting $5,700 before quietly paying them off. Image
3/ The latest debt was revealed thanks to a FOIA request filed by the Illinois Policy Institute.

The city delayed releasing her info—until she paid up.

Again.

Funny how that keeps happening.

illinoispolicy.org/chicago-teache…
Read 10 tweets
May 29
1/ 🚨NEW

A multibillion-dollar tax hike is about to hit Cook and the collar counties.

It will hit grocery delivery, Uber rides—even selling your home.

Here’s what’s at stake (and how to stop it): 🧵
1/ In the next 48 hours, Springfield lawmakers could approve a sweeping tax package.

It’s aimed straight at Cook and the collar counties.

Families already struggling with inflation would be hit hardest.
3/ 📦 New delivery tax

Every time you order groceries, clothes, or anything else to your home—this tax hits.

Potential cost?

$742 million to consumers.

That’s a tax on convenience and necessity.
Read 10 tweets
Dec 19, 2024
🚨BREAKING

For the first time in 11 years, Illinois’ population is growing.

But it’s not due to jobs or housing—it’s buses from Texas.

Here’s how 112,955 migrants boosted Illinois’ population. 🧵 Image
From July 2023 to June 2024, Illinois added 67,899 residents.

This is a sharp reversal after nine straight years of population decline.

So, what changed?

Two words: international migration. Image
.@GovAbbott sent thousands of migrants to Chicago and other "sanctuary cities."

The result?

A staggering influx of 112,955 international migrants to Illinois, fueling its population growth.
Read 9 tweets
Mar 8, 2024
🚨BREAKING: Leaked 142-page list of Chicago Teachers Union demands approved by delegates.

Last week, Stacy Davis Gates said it would cost $50 billion.

Some thought it was a joke. But it could cost even more.

Let's dive in. 👀 Image
CTU demands a minimum of 9% base salary increases every year.

This translates to a 41.2% raise by 2027.

And it doesn't include step-and-lane increases.

This provision alone would cost Chicago taxpayers an additional $2.5 billion. Image
The contract demands "investments in green social housing" for union members.

A recent CTU memo suggested funds from Brandon Johnson's real estate tax hike would be used for CTU housing assistance.

@ChicagosMayor advertises it as a solution to homelessness.

But CTU clearly expects to benefit from it.Image
Read 10 tweets
Mar 4, 2024
🚨BREAKING: Leaked Chicago Teachers Union memo exposes extreme demands to @ChicagosMayor, a former CTU employee.

CTU leaders planned to keep this info private until contract negotiations.

👀 Let's look at what's inside. Image
@ChicagosMayor First slide:

Automatic pay increases every year that meet or exceed inflation.

This would come on top of existing, automatic pay increases (i.e., step-and-lane).

Also: pension sweeteners via more pensionable salary. Image
@ChicagosMayor Third slide:

A ban on allowing teacher performance to influence decision-making concerning layoffs.

Note the framing of accountability in schools as "right-wing." Image
Read 8 tweets

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