Tribune gonna Tribune
Tuesday, Mar 31, 2020
* Tribune editorial…
Gee. I wonder what happened at the end of 2014 that would’ve “depleted” the rainy day fund?
I dunno, could it be the automatic partial rollback of the 2011 income tax increase the Tribune so bitterly opposed?
Could it have been the election of a new governor with Tribune backing who then refused to cut a deal on new state revenues until he was given anti-union concessions (also with Tribune backing)?
Could it have been a two-year impasse with no budget that the Tribune wholeheartedly supported, which drove up our unpaid bill backlog to $16.67 billion?
Could it have been the billion dollars the state had to pay in interest to its creditors because of that mountainous bill backlog?
* Yes, Illinois has some serious structural budgetary issues. Pensions, for one. But the state has been repeatedly ordered to fulfill its pension promises, so the only way to do that is with budgetary management and additional revenues. The Tribune has always refused to support additional revenues and, if it has seriously engaged on the topic of budget management, I do not recall it.