From the JB Pritzker Administration:
GOMB Releases Five-Year Forecast Showing Significant Long-Term Challenges
Despite making substantial progress on Illinois’ fiscal challenges in Fiscal Year 2020, the ongoing coronavirus pandemic has resulted in unexpected and dramatic revenue losses, and Illinois will also continue to face significant financial challenges until it finds a long-term solution to its long standing structural deficit, the annual Economic and Fiscal Policy Report from the Governor’s Office of Management and Budget concludes.
As a result of these recent challenges and with the option for a graduated income tax now off the table, the Governor’s Office of Management and Budget is projecting sizeable deficits in the General Funds budget for fiscal years 2022 through 2026.
Without changes to the current trajectory of the state’s finances, year-end accounts payable will continue to grow year by year, the report states.
“From day one I have been committed to providing a transparent accounting of our fiscal situation and have once again begun working with leaders in the General Assembly to address our challenges,” said Governor JB Pritzker.
“While we didn’t anticipate a pandemic, we must now grapple with the economic hardship it has created while also preserving the vital state services Illinoisans rely on.
“I am committed to ensuring the state of Illinois returns to the path of fiscal stability we began to pave last year, while managing through this unexpected economic crisis responsibly.”
Since taking office in January 2019, Governor JB Pritzker has taken multiple steps to control state spending and has ordered agency directors to continue to responsibly manage the limited resources of state government.
The Governor’s Office of Management and Budget (GOMB) is required to annually submit an Economic and Fiscal Policy Report to the General Assembly outlining the long-term economic and fiscal policy objectives of the state, along with the economic and fiscal policy intentions for the upcoming fiscal year and for the subsequent four fiscal years.
The reports are available to the public online and can be found here: https://www2.illinois.gov/sites/budget/Pages/PolicyReports.aspx
Do you know what would help our states budget?
How about not trying to destroy our economy with more lockdowns that even the UN and WHO say are bad ideas.
Advice for JB: If you cut the pay of state employees, not only will the taxpayers save money now, but we will save far more money in the future due to reduced pension costs.
Move all State employees to 401k retirement plans effective as fast as you can legally do it—not just for new hires either, if that isnt already in place, same with current old timers—happens all the time in the private sector, why are public sector employees “better” than private sector ones?
Better protected maybe but they’re the reason this State is broke, along with the crooks who have protected them.
This is the one topic always off the table for getting Illinois finances in order.
Idiot Pols made that voting bloc so large its near suicide for any of them to propose it.
Yet it remains the number one reason the State and Chicago are broke and stay broke.
Fatty Pritzker wont do it—he’d rather raise taxes, fees, regulations and shut down more small businesses, dude is getting off on messing with independent business owners.
That’s the way of the democrats.
Load up the government with kushy jobs for friends and allies and then they vote for you.
This is not just an Illinois problem, it’s a problem throughout our government and is rooted in our federal reserve system.
The whole point of that system is to let politicians borrow as much money as they need to get reelected, while people don’t realize they are secretly being taxed by inflation because of it.
Forget any common sense reform from our JumBo governor and crooked cronies.
He and the rest of the Illinois democrats are banking on a federal bailout from the Biden administration.
That’s it.
It is way past time for Illinois to address the Actual causes of its financial problems.
Don’t look for hand outs or more taxes.
Fix what is causing the problems.
In five years there will be no one left in Illinois to extort money from
at the rate people and businesses are moving out, and who/whatever remains
will be supported by the state as it collapses into insolvency.
Think this is BS ?
That’s all well and good, keep lying to yourselves and where that gets you.
Follow the Money: Pritzker money all the way baby!
https://www.youtube.com/watch?v=SsTtNkVYj0Q
Yeah, it’s a freak show.
I have to ask, how many will follow this lock down edict, if it does happen?
Gov. J.B. Pritzker urged families not to travel and keep their holiday gatherings virtual this year.
Pritzker also hinted that a mandatory stay-at-home order could be coming back in Illinois if the virus continues surging.
“The numbers don’t lie,” Pritzker said during his daily COVID-19 briefing on Thursday.
“If things don’t take a turn in the coming days, we will quickly reach the point when some form of a mandatory stay-at-home order is all that will be left.
https://www.lakemchenryscanner.com/2020/11/12/gov-pritzker-says-mandatory-stay-at-home-order-could-be-coming-in-illinois/
You have imprisoned your own selves over NOTHING. You have learned NOTHING from history. You have been lied to over and over and yet you continue to act like children that need to be told what to do. (By tyrrants that are just people that wear socks! Egad! The ignorance is breathtakingly sickening.) My people perish for lack of knowledge.
I am always hot-no need for socks! 👺👹
Yabba Dabba Do!!!!!