Mar.05 — Sean Carney, head of municipal strategy at BlackRock, and Bloomberg’s Flynn McRoberts examine the new revenue plan for the state of Illinois as it faces mounting pension liabilities. They speak on “Bloomberg Daybreak: Americas.”
More info on Illinois Pension Liabilities Add to State’s .2 Billion Deficit
Illinois to sell $850 million of bonds as investors brace for junk status
It’s the lowest-rated state at a notch above junk due to its huge unfunded pension liability and chronic structural budget deficit.
Commentary: Vote ‘no’ on the Illinois bait-and-switch
Citing state fiscal estimates from 2019, Comptroller Susana Mendoza wrote recently of Illinois' challenges, “including a $3.2 billion budget deficit, a nearly $8.4 billion bill backlog, (and) a net ...
What you should know before voting on Illinois’ ’Fair Tax’ amendment
One of the major questions Illinois voters will answer on Nov. 3 will be on the ballot statewide – whether to amend the state’s constitution ...
Opinion: Connecticut is heading for troubled financial waters
If, during the past decade, state officials had followed a hiring policy of pay parity with the private sector, Connecticut would have saved billions, helping to close much of the huge gap between the ...
What to know about the graduated tax amendment in Illinois before voting Nov. 3
One of the major questions Illinois voters will answer on Nov. 3 will be on the ballot statewide — whether to amend the state’s constitution to allow for a graduated rate income tax. Strictly speaking ...
What A Graduated Income Tax Would Mean For Illinois' Financial State
The campaign over Gov. J.B. Pritzker’s proposal to impose a graduated income tax has focused mainly on who would pay higher taxes. But perhaps just as ...
A look at the graduated tax amendment question
Strictly speaking, the amendment removes a provision from the Illinois Constitution that requires any income tax to be levied at a flat rate on any level of income -- the current rate is 4.95%.
Bill will soon come due for long unfolding state financial crisis
Recent announcements concerning Connecticut’s fiscal condition have come out in disjointed fashion. Taken together, they spell impending crisis.
What to know about the Illinois graduated tax amendment
One of the major questions Illinois voters will answer on Nov. 3 will be on the ballot statewide – whether to amend the state’s constitution to allow for a graduated ...
What to know about the graduated tax amendment
But even before the pandemic, Pritzker pegged Illinois’ structural, year-after-year budget deficit at $3.2 billion ... particularly to unfunded state pension obligations which exceed $137 billion, ...
Tax amendment leads ballot choices
One of the major questions Illinois voters will answer on Nov. 3 will be on the ballot statewide - whether to amend the state's constitution to allow for a graduated rate income tax. Strictly speaking ...
How Pritzker may win by losing the ‘fair tax' fight
The fight over the graduated income tax—or the "Fair Tax," as Gov. J.B. Pritzker branded it—has rightly been called a battle of the billionaires. But it's not just billionaires like Pritzker and his ...