Chicagoans Prefer Bankruptcy Over Higher Taxes As City Debt Piles Up

Illinois cities need an option that’s fair to taxpayers and provides long-term sustainability for local governments. Allowing municipalities and local units of government to restructure pension debt through bankruptcy would make pension obligations sustainable and affordable; it would also lead to more reasonable negotiating conditions between unions and government.

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Another Session, Same High Property Taxes

Instead of passing reforms, the Democrats went another session punting on pension reform and instead forced through 21 tax and fee hikes that you will pay. Also, with the passage of the graduated income tax amendment supported by every Democrat who voted and Gov. Pritzker, legislators want to give themselves the constitutional power to increase tax rates however much they deem necessary.

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Consequences

Pritzker, Madigan, the rest of the Democrats, and many in the media define a ‘productive session’ as one where many bills are passed. Whether those bills help or hurt families, or reform government makes no difference in this definition.

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Springfield Has Not Earned Your Trust

Two other representatives publicly stated they are no votes because they understand that more tax hikes will not solve the financial problems that Illinois currently has and will only continue to accelerate the state’s exodus. Members from both sides of the aisle realize that this is a bad deal for taxpayers and it does nothing to reform the policies that have brought on this financial disaster in the first place.

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