Rauner suggests doing a capital bill before fixing the budget
Wednesday, Apr 26, 2017
* Gov. Rauner spoke to some business groups today. Bernie reports that Rauner is still claiming that the Senate is working on a grand bargain, even though Senate President Cullerton said it’s not. The governor also said this…
So much to unpack here.
1) A “big” capital plan would require lots of borrowing while we’re simultaneously racking up gigantic operating deficits. Not exactly responsible.
2) And if we’re gonna have a big capital plan, then the money ain’t gonna just magically grow on trees. How’s he gonna pay for it? More new taxes while universities crumble and social service agencies starve? As he rightly notes above, it’s gotta come from somewhere.
3) And I’m thinking maybe the bond rating agencies will show “some resistance” if Illinois tries to borrow billions of dollars without a real budget in place.
Bottom line: Walk before you can run and, please, stop projecting.