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