From the Editorial Board: What’s missing from Gov. J.B. Pritzker’s financial stewardship is genuine, lasting structural reforms to the state’s precarious pension outlook.
Opinion content—editorials, columns and guest commentaries—is created independent of news reporting and is exclusive to subscribers.This cartoon depicts the state pension gorilla in the room with Former Gov. Pat Quinn, Speaker of the Illinois House of Representatives Michael Madigan and President of the Illinois Senate John Cullerton in 2011.
Lawmakers are reconvening Wednesday to resume work on a proposed spending plan. Democrats, however, are committing the same egregious mistake they’ve been guilty of with past budgets — they’re fashioning a budget behind closed doors, predictably creating a scenario in which GOP lawmakers, as well as all Illinoisans, get virtually no opportunity to peruse and debate the document before it’s rushed through the pipeline to Gov. J.B. Pritzker’s desk for his signature.
Pritzker also has been smartly building back up the state’s rainy day fund, a sorely needed financial buffer for when unexpected expenses arise. It wasn’t that long ago, 2020 to be exact, that Illinois had just $58,655 in its rainy day fund, enough to cover expenses for about 30 seconds. And, we realize that Pritzker has been paying more than the minimum amount required for the state’s annual pension payment.
Another crucial reform Pritzker should embrace is a simple one, albeit antithetical to how Democrats in Springfield operate. Spend only as much as you have. Ongoing budget negotiations exemplify how Democrats have been ignoring that tenet.on health care for immigrants 42 or older, who are in the country without legal permission or have green cards but aren’t eligible for Medicaid because they haven’t completed a five-year waiting period.
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