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

Mar 8
🚨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
🚨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
Apr 15, 2023
The film version of The Hunger Games had a budget of $78 million.

Chicago Public Schools’ budget is $9.4 billion.
The Chicago Teachers Union has long maintained that its chronic failure to adequately educate students is due to funding deficiencies and crowded classrooms.

But the school system’s budget is swelling even as its schools are emptying. Image
Read 4 tweets
Apr 13, 2023
Chicago Public Schools has:

💰$9B budget
🏫falling enrollment
🌊flood of covid money
🏠majority of property tax revenue

Yet it still faces a $600 million deficit. Image
Crowded classrooms are an impediment to learning.

But Chicago's public schools are emptying. Image
Read 4 tweets
Nov 30, 2022
NEW: A bipartisan plan to pay off a $1.4B deficit in the state’s unemployment insurance trust fund will spare businesses from a future tax hike Image
.@GovPritzker announced the plan on Nov. 29.

If it passes and is signed into law it could save taxpayers $20 million. Image
Read 4 tweets
Nov 30, 2022
NEW: Illinois’ unemployment rate was highest in the U.S. for the 2nd month in a row Image
October marked the 17th consecutive month of job growth.

Illinois added 3,600 jobs, a decline from September and the fewest jobs added in 2022. Image
Read 4 tweets

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