Capitol Fax.com - Your Illinois News Radar » More promises, more vague revenue plans
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
More promises, more vague revenue plans

Wednesday, Aug 22, 2018 - Posted by Rich Miller

* Circling back on this story from last week because I missed this bit the first time

Speaking after the rally, Pritzker said that, if elected, getting an infrastructure bill that will address Illinois’ roads, bridges and waterways will be “critically important” for him during his first year in office.

The last comprehensive capital plan in Illinois, the $31 billion Illinois Jobs Now! plan, was signed by then-Gov. Pat Quinn in 2009.

When asked how to cover the cost of a capital plan, Pritzker suggested possible revenue streams such as legalized sports betting, online sales tax and legalizing and taxing marijuana.

His official infrastructure plan only mentions bringing in more federal dollars.

Online sales tax money is already budgeted and sports betting won’t bring in huge state tax dollars.

He’s talked about taxing pot for a long time, but mainly for general revenue purposes, although he did seem to suggest once that it could be used for education funding.

Pritzker said in April that marijuana could be in the mix for a capital bill, along with his graduated income tax (which he still won’t detail).

I do not expect the man to produce a full state budget on his own. But he’s making a lot of promises and we don’t even have a coherent outline of how he’s gonna pay for them. I mean, even Bruce Rauner did that in 2014.

Pritzker is launching a new three-day tour of central and southern Illinois. Hopefully, he’ll get pressed on some of this stuff.

       

35 Comments
  1. - PublicServant - Wednesday, Aug 22, 18 @ 2:52 pm:

    Well, it’s a lot more detailed than, “Shake up Springfield. Bring back Illinois.” Just sayin.


  2. - Rich Miller - Wednesday, Aug 22, 18 @ 2:54 pm:

    ===a lot more detailed than, “Shake up Springfield. Bring back Illinois.”===

    Rauner put out a proposal that included revenue from a service tax. He was pretty vague about most stuff, but he still went further than Pritzker has to date.


  3. - VanillaMan - Wednesday, Aug 22, 18 @ 2:55 pm:

    Better than that, Pritzker promises that after we get that state infastructure without raising taxes, we will all get free unicorn rides.


  4. - NeverPoliticallyCorrect - Wednesday, Aug 22, 18 @ 2:57 pm:

    What’s his main plan, “I’m not Rauner.” This is as bad as “Because Madigan.” Any thinking person could and should prepare and present to the voters a clear point by point plan for fixing this state. None really has and yet one of them will be governor. Good luck Illinois.


  5. - Saluki - Wednesday, Aug 22, 18 @ 2:58 pm:

    LOL. JB has already spent all the pot money before the bills even been written. This state may as well get high, because we are all gonna need something to get through the impending social experiment that will be a Pritzker Administration.


  6. - VanillaMan - Wednesday, Aug 22, 18 @ 3:01 pm:

    Honestly, what does a born billionaire know about balancing a budget. He’s got more loot than our entire state spends in a decade.


  7. - Anon221 - Wednesday, Aug 22, 18 @ 3:03 pm:

    I tend to trust the candidate who has invested in growth of an incubator site, and not the candidate who made millions feeding off the carcasses of the businesses he “managed”.

    Rauner may have had more of a plan in 2014, but he has proven he could not and would not work well with others to implement it. I’m not willing to hand him the “CEO” reins for another four years of “Madigan ate my homework”.


  8. - Charry - Wednesday, Aug 22, 18 @ 3:07 pm:

    I think JB is a fan of the Naked eyes…

    You made me promises promises
    Knowing I’d believe
    Promises promises
    You knew you’d never keep


  9. - Zeep Bow - Wednesday, Aug 22, 18 @ 3:08 pm:

    ==He’s got more loot than our entire state spends in a decade.==

    That’s just….. wrong


  10. - Grandson of Man - Wednesday, Aug 22, 18 @ 3:08 pm:

    Pritzker owes voters more than slogans. He’s in a very good position, because voters approve of a fair tax/millionaire surcharge and marijuana legalization. He needs to take advantage of this and come up with more specifics. Bruce opposes these things, especially paying a higher state income tax and not gouging workers, so it’s a great contrast to be presented to voters.


  11. - People Over Parties - Wednesday, Aug 22, 18 @ 3:09 pm:

    I never thought I’d look to ‘The Onion’ for an accurate headline until now.


  12. - City Zen - Wednesday, Aug 22, 18 @ 3:09 pm:

    Maybe JB should be governor as he appears to have cracked the code to spending the same dollar multiple times.


  13. - RNUG - Wednesday, Aug 22, 18 @ 3:10 pm:

    == I tend to trust the candidate who has invested in growth of an incubator site, and not the candidate who made millions feeding off the carcasses of the businesses he “managed”. ==

    How about the candidate who’s had the headaches of trying to meet payroll without going bankrupt as part of his standard business plan?


  14. - Wow - Wednesday, Aug 22, 18 @ 3:11 pm:

    His graduated income tax won’t come until his 3rd year in office? That requires a constitutional amendment I believe?? So he can’t wait till that passes to fund a massive capital bill???


  15. - El Conquistador - Wednesday, Aug 22, 18 @ 3:12 pm:

    What? Where was Rauner’s layout of his plan to force a 3 year budget impasse, explode the State’s debt, incur billions in late payments debt, destroy the social services network, destroy labor, force local school and government bankruptcy by pushing costs, destroy the state’s credit rating, and make Illinois the laughingstock of the country?

    Realistic comparisons please…


  16. - Texas Red - Wednesday, Aug 22, 18 @ 3:14 pm:

    Other people’s money, that is the sources of his revenue. Of course candidates don’t often get to the details until they are elected.


  17. - Lucky Pierre - Wednesday, Aug 22, 18 @ 3:16 pm:

    The only way to fix the state is to fix our business environment, so more companies invest here and hire more people who will pay taxes.

    Our anti business environment is the #1 reason we are losing population forecasts made long ago like the pensions and the Edgar ramp are not sustainable. No one though the Illinois economy would have such poor growth.

    Seems pretty simple, too bad Democrats resist making any changes.


  18. - OneMan - Wednesday, Aug 22, 18 @ 3:18 pm:

    == I tend to trust the candidate who has invested in growth of an incubator site, and not the candidate who made millions feeding off the carcasses of the businesses he “managed”. ==

    How about the candidate who’s had the headaches of trying to meet payroll without going bankrupt as part of his standard business plan?

    I kind of wish we had a candidate for a major party with some government experience


  19. - Rich Miller - Wednesday, Aug 22, 18 @ 3:20 pm:

    ===with some government experience ===

    Rauner has had close to 4 years experience. So there ya go. :)


  20. - VanillaMan - Wednesday, Aug 22, 18 @ 3:23 pm:

    ==I tend to trust the candidate who has invested in growth of an incubator site, and not the candidate who made millions feeding off the carcasses of the businesses he “managed”.==

    True that, but still, the guy’s got no idea what a money crunch is. He’s so rich that in one of his mansions, he doesn’t even use a toilet. He might look like Fred Flintstone, but I bet all his vehicles have solid floors.

    This guy’s a Democrat? Sheesh. I like my Democrats aware of the real world. We’re hurting - has he ever?


  21. - People Over Parties - Wednesday, Aug 22, 18 @ 3:25 pm:

    ===make Illinois the laughingstock of the country?===

    You obviously weren’t here for the two decades prior.


  22. - Oswego Willy - Wednesday, Aug 22, 18 @ 3:28 pm:

    ===You obviously weren’t here for the two decades prior.===

    Blago… Quinn… Jack Ryan… Alan Keys…

    Amirite?


  23. - Lester Holt’s Mustache - Wednesday, Aug 22, 18 @ 3:45 pm:

    Unsurprising amount of pearl-clutching today from the usual suspects over Pritzker and his spending plans. Thanks to the very incompetent Pat Quinn, you had your chance to install a level headed fiscal conservative as Governor. Instead y’all forced Bruce Rauner on the rest of us. Had you guys directed even a fraction of this level of concern about your boy 4 years ago during the republican primary, we’d likely have far fewer financial problems than we’re currently faced with.

    While most of you continue to ignore the extra $12 billion of debt we’ll have to deal with thanks to your “fiscal conservative” Governor, the rest of us will be over here ignoring your newly acquired, holier-than-thou demands for specifics and voting for Pritzker or McCann instead.


  24. - VanillaMan - Wednesday, Aug 22, 18 @ 3:54 pm:

    Don’t blame me, I voted for Dillard.

    I took one look into Rauner’s empty blue eyes and heard - crickets.

    Today, that would be an improvement.


  25. - DuPage - Wednesday, Aug 22, 18 @ 4:33 pm:

    Pritzker should allow a south suburban casino to counter the one right across in Indiana. Maybe one in Chicago as well. Keep more of the money in Illinois.


  26. - Anonymous - Wednesday, Aug 22, 18 @ 4:45 pm:

    Increase in gasoline tax will be one of JB plans. Income tax increases on the middle class, before a vote on a progressive income tax in 2 years. Higher property taxes and more middle class tax payers leaving the state and business and job losses. Not a pretty picture.


  27. - SSL - Wednesday, Aug 22, 18 @ 5:10 pm:

    All those people who think JB is going to lower income taxes on the middle class are going to be so surprised.

    And all those that think the millionaire tax solves all the state’s problems need to sharpen their pencils. The state does have a lot of millionaires, but it doesn’t have nearly as many households that make a million per year. And watch how that latter number decreases further once you try to penalize them. People that wealthy know how to manage their reported revenue.

    Watch for that tax cut on the middle class, right after that flock of flying pigs lands on your front lawn.


  28. - JS Mill - Wednesday, Aug 22, 18 @ 5:19 pm:

    Lester Holt’s Mustache is spot on. While Illinois has had fiscal issues for some time they were never like this. Rauner’s business acumen was limited to bust out’s. And now our problems have been made exponentially worse.

    Rauner’s best solution was welching on debt.

    His efforts to privatize services have led to colossal over spending and failure. This guy couldn’t hit water if he fell out of a boat. But the Illinois GOP fell for it because..wait for it..he had big bucks.

    The one thing Pritzker offers is that Illinois will pay its’ bills. I will grant that he is vague on the deets, will he raise taxes on the high earners? He says that is what he will do. Other states have done that very thing and Minnesota is still there and thriving. So your pearl-clutching at the thought of revenue matching expenditures is for naught.


  29. - SSL - Wednesday, Aug 22, 18 @ 7:14 pm:

    Illinois has been in the bottom 5 fiscal performing states going back well before Rauner, so the bit about it bring never like this is wrong. Don’t worry though, you’ll get your hero JB as governor. I doubt he’ll live up to your expectations though, but please do hang around so we can remind you of how wrong you were. Daily.


  30. - Streamwood Retiree - Wednesday, Aug 22, 18 @ 7:15 pm:

    During the primary debates, Pritzker started to say that you can get an effective graduated tax by raising the rate AND the personal exemption at the same time, Illinois income tax, like all Illinois taxes fall disproportionately on non-managerial workers. I won’t be crying if the “millionaire’s tax” becomes a tax increase on those with six figure incomes, i.e. twice the Illinois median wage. That would be a cut for nearly 80% of us. But since he is afraid to talk about it I fear that he will pull a Blago and do nothing about the major taxes and spend spend spend, pushing us deeper into the hole. Seriously considering voting for McCann. Wouldn’t vote for Rauner if you held a gun to my head.


  31. - McLincoln - Wednesday, Aug 22, 18 @ 9:24 pm:

    -What’s his main plan, “I’m not Rauner.” -

    Works for me.


  32. - City Zen - Wednesday, Aug 22, 18 @ 9:32 pm:

    ==While Illinois has had fiscal issues for some time they were never like this.==

    Sure they were. They were just better hidden.

    ==Minnesota is still there and thriving.==

    Minnesota is thriving indeed. Remove federal sources from education funding (of which Illinois receives more) and Minnesota spends $1,500 less per pupil than Illinois. With 2 million PK-12 students here, that’s $3.5 billion. Imagine an extra $3.5B to spend on higher ed, social services, or infrastructure, all just by following thriving Minnesota’s lead.

    After we do that, then we can tax retirement income like Minnesota. They do have one the most aggressive retirement income tax structures in the country. That will generate another $1.5 billion. Now Illinois has an extra $5 billion. Thriving indeed.

    After that, then we can tinker with those progressive tax rates. That will generate even more revenue. The sky’s the limit.

    So you’re right. Let’s go all-in on Minnesota.


  33. - PublicServant - Thursday, Aug 23, 18 @ 7:47 am:

    CZ, In Minnesota, 11.5% of its pk-12 public School student population is low income. That’s versus 50% in Illinois. So, your “lower cost per pupil” figure is purposely misleading. In addition, Minnesota has the worst achievement gap between black and white students in the entire nation. So, we hardly want to emulate Minnesota and spend less per public school student.

    As for your continued mantra of taxing Grandma and Grandpa, let’s make millionaires pay their fair share of taxes via a progressive tax structure first. Then if we want to consider taking money away from people on fixed incomes (don’t hold your breath there), we can talk.

    Here’s an article about Minnesota’s soaring economy after Governor Dayton raised the top rate on high income individuals.

    https://www.huffingtonpost.com/carl-gibson/mark-dayton-minnesota-economy_b_6737786.html


  34. - JS Mill - Thursday, Aug 23, 18 @ 8:04 am:

    =So you’re right. Let’s go all-in on Minnesota.=

    I have agreed with you in the past on retirement income taxation. No brainer except for our weak political leadership.

    The rest? Well the narrative I was responding to was about increased taxation forcing high earners out. LP et al beat that drum constantly with no evidence.

    Kansas, the low tax utopia, did not experience a wealth in-migration and Minnesota did not experience a wealth out-migration.

    Minnesota is paying its bills and their economy is a midwestern growth leader.

    Their demographics are not equivalent to Illinois as another poster pointed out, but they can serve as a revenue model and a “what can happen” if adequate revenue is attained.


  35. - Whatever - Thursday, Aug 23, 18 @ 8:37 am:

    ==How about the candidate who’s had the headaches of trying to meet payroll without going bankrupt as part of his standard business plan?==

    Senator Brady isn’t running this year.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Isabel’s afternoon roundup
* The Waukegan City Clerk was railroaded
* Whatever happened, the city has a $40 million budget hole it didn't disclose until now
* Manar gives state agencies budget guidance: Cut, cut, cut
* Roundup: Ex-Chicago Ald. Danny Solis testifies in Madigan corruption trial
* Open thread
* Isabel’s morning briefing
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Selected press releases (Live updates)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
November 2024
October 2024
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller