FAST FIVE: Shattered Confidence In Illinois Government May Doom Even A Good Spending Bill

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Authored by Mark Glennon via WirePoints.org, Governor Pritzker proposed a $41.5 billion “Rebuild Illinois” capital spending plan backed by a list of new middle classes taxes.

In the world of government finance, capital spending is seen differently than routine budget spending.

Vehicle registration fee hike – doubling the fee for newer vehicles.

The income tax increase on big earners (and a tiny cut for others) won't come until 2021 and only if voters approve a constitutional amendment.

A capital bill, without reforms first, is a dangerous gamble, regardless of legitimate capital needs.

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