* JB Pritzker was in Decatur the other day…
Pritzker said during and after the roundtable that he will make creating a capital bill a priority if elected in November.
How to pay for for those capital projects remains to be seen.
With President Donald Trump’s administration asking for an 80 percent match in local and state funds for infrastructure projects, Pritzker said state leaders will have to look at a number of revenue streams to pay for a capital bill, likely to cost more than $1 billion.
Options floated by Pritzker on Friday include paying with revenue from a graduated income tax he hopes to get approved once elected, revenue from legalizing and taxing marijuana and, when the state’s credit rating improves, borrowing.
Earlier this month, he seemed to say he’d use part of the pot of weed money to increase school funding, but that could’ve just been the way the reporter chose to write the report.
Either way, borrowing isn’t revenue. You have to find money to pay for that bonding.