Toke Up and Place Your Bets!
- Illinois Gov. JB Pritzker unveiled his first annual budget proposal amid an estimated $3.2 billion deficit.
The Democrat addressed a joint session of the General Assembly on Wednesday with his plans for state spending in the fiscal year that begins July 1.
His administration this month estimated that without action, the state could be in a $3 billion hole in the spring of 2020.
Pritzker campaigned on a progressive income tax and legalizing recreational marijuana. But the graduated income tax would have to be voted on and that couldn't happen until 2020.
Vice taxes only serve to (A) change behavior, (B) travel farther to get what they need cheaper or (C) create a black market for the product. Examples include
- Shortshanks' water tax - suburban warehouse stores saw an explosion of business while city stores lost tons of money;
- Prickwrinkle's soda tax - the associated loss of sales taxes for people shopping outside of Cook County led to a repeal of the tax;
- Prickwrinkle's bullet tax - suburan Cook County sporting good stores saw such a drop off in ammo sales, they stopped carrying it at a dozen stores that we know of. Many people we know travel out of county (and out of state) to buy bulk ammo now
Sport betting might be a good thing, if done properly - and that means not by the government. But it better get done quickly, or it'll go the way of a Chicago casino, which is to say, "no where."
We are not confident.
We are not confident.
Labels: money questions, state politics
posted by SCC at 12:03 AM
61 Comments:
Where are the budget cuts. We need an austerity plan to try and claw our way out of bankruptcy. Typical democrat. Tax and spend.you can bet any new revenue will gomto new spending. How else can they keep their voter base ?
Maybe we dont have enough money because some rich asshole removed toilets to avoid paying taxes
Cabelas in Hammond always has sales on ammo... Closer, cheaper and better.....
Please, oh please, no sports betting run by the government. Let me relate what happened recently. The Illinois Lottery got a new management company. Earlier last year, I could go to a store and buy lottery cards that would last all month. The state wanted new machines and software to make changing the games easier. So, in December, they outlawed multi draw games into the new year, because they would go with the new system on January 1. Every vendor had to go to class to learn the new machine and system. On the 1st, it wasn't ready, the new date of Jan. 22 was chosen. And until then, you could only buy for the week, all tickets ended on Saturday. On the 22nd, they still weren't ready, and you could only buy one draw at a time. New date was chosen, Feb. 18. On the 18th, they tried to go live. Everyone that went to class got a handout of instructions, and on it was an emergency hotline for problems. That 1-800 number was for Firestone tires. The old system also had a hotline number that was similar. When you called that, you got a recording that said "Due to the President's Day holiday, all offices are closed and will reopen Tuesday". I play so in the event I win,I can flee Chiraq, and leave Madiganistan forever.
Pritzker's speech focused too much on taxing more and not enough on cutting back spending AND reforming pensions.
Everything Pritzker pointed out as being "new revenues" were based on $100,000,000 here and $200,000,000 here for sports-betting and Weed sales. That's a drop in the bucket as far as trying to wipe out the debt. THAT does NOT take care of multi-Billion dollar deficits.
Funny how he did not mention the Mileage Tax? You'll see a LOT more cars in downtown high-rises with out-of-state plates on them, if that goes through.
Same concept as people going outside the city and county for soda and water due to insane taxing. The projected increases to revenues actually became huge losses.
More spending reforms need to be put in place.
Pensions should be taxed, if they are paid out-of-state.
Clear reasoning for this to happen. The region that is liable to pay the pension should be the region that the pension is recirculated in. If a pension is being spent outside of Illinois, then the state should withhold 20%.
ALL that money is being spent in a different regional economy and is helping that economy thrive while the state liable to generate revenues to cover that pension (Illinois) gets nothing out of it.
If nothing like this happens, they can still declare bankruptcy of the pension funds and those who think they are owed six-figure pensions will quickly find out how Bankruptcy Court works and gives you a nickel on the dollar.
ALL this goes back to unions demanding so much and Democrats promising more and more in exchange for their votes.
Well, now the numbers don't add up. Over-promised pensions bankrupted GM and other companies, you are now seeing it happen in the public sector.
Honestly if this guy is for legalizing marijuana.. I don’t think there should be a tax on it, and hell why not grow a few plants in your house right along side of your moon shine stills
Wasn't there a 17 billion hole just last year? How did we get down the 3B?
Until someone grows a set of balls and cuts back on all the entitlements nothing will change. Jumbo is just another talking head telling people what they want to hear, not what they need to hear.
don't know one cop close to retirement staying anywhere near this dump... 20yrs from now will have not many left but welfare leeches and illegals... hahahahaha
The Great Unwashed Democrat welfare voters will always need things. Pony up!
Anonymous said
Pensions should be taxed, if they are paid out-of-state.
Clear reasoning for this to happen. The region that is liable to pay the pension should be the region that the pension is recirculated in. If a pension is being spent outside of Illinois, then the state should withhold 20%.
******
Couldn't disagree with you more. The 20+ years we stay in the city/state; paying property taxes, water bills, sales taxes, income taxes, plastic bag tax, bottled water tax, soon to be mileage tax, license plate sticker fees, city sticker fees, tollway fees, shopping at local stores circulating cash within the local economy, not to mention being here specifically because we chose a career in the field of serving the local community. That is generosity enough on our part.
If after doing all of that, they try to penalize us for doing what most retirees aim to do (move to warmer, less expensive, less crime riddled areas) that would be the nail in the coffin for many. After 20+ years of this, we earn the right to kiss this city goodbye.
Taking pensions paid out-of- state??? You folks are shell shocked. When you move out of state the state you do move to is going to tax your pension if the have a state income tax.
So how does this "smart" businessman propose a budget that relies on revenue from two programs that don't yet exist? (Legal weed and sports betting)
Even if both became law this morning, it would be a year before the framework was in place to start producing tax revenue. State fiscal year starts July 1. Very strange the lack of reaction from financial watchdogs.
Anonymous said...
don't know one cop close to retirement staying anywhere near this dump... 20yrs from now will have not many left but welfare leeches and illegals... hahahahaha
2/21/2019 03:10:00 AM
Hmm You don’t know of one that is staying in the city of Chicago? You obviously are not a copper because many of them are staying here due to family obligations due to getting older and having some of the best hospitals in the country here I know taxes are high crime is high but family comes first how many people are staying here ass hat!
2/21/2019 01:34:00 AM ALL that money is being spent in a different regional economy and is helping that economy thrive while the state liable to generate revenues to cover that pension (Illinois) gets nothing out of it...
I’d like to extend a hearty FUCK YOU regarding your comment. Forcing residency for 20-30 years of your career guarantees that you will spend your money here in the local economy of chicago. Pension Holidays, poor returns on investments (DV Urban Realty etc.) and huge fees to manage fund are reasons for pension failure.
Further taxes on stupidity besides the lottery. Why not opium dens and whore houses? Complete with glory holes for customers, at the new casino at the betting tables, manned by a rotating list of local political hacks. Think of the advertising possibilities. Guest appearances by former pols like 9.5 or shortshanks.
I wonder if surrounding states are going to complain about lax cannabis laws increasing drug-related DUIs, much like Chicago blames all its violence on “lax” gun laws from other states. It would only make sense.
Where is the part about cutting pensions, and then taxing retirement income. You know it's coming, but it will be like a thief in the night.
The new tax on oxygen is being proposed right now, which requires a devise that counts all the breaths you take.
Opening up the Illinois Constitution is the big prize. Once that happens everything is fair game - including the Pension Protection Clause. Change the pensions and eliminate a lot of the debt on the backs of worker bees... Be very afraid.......
Ye political heads of state, steak.
How did you rise so far without stealing from the public?
Of all the gin joints in the world, the opium dens, the ponies,
the numbers, the sick, the infirm. There ain't enough dopes
in the whole wide world to smoke you out of your $3.2B hole.
Repent and realize your losing ways. You cannot redeem sin
with more sin. Not even taxing sin will work. Water, soda,
ammunition, rounds, hounds, leash tax, lawn tax. To all the
Dummies in High Places: we ain't got it anymore.
I love how this clown blames Rauner, and yet the Demorats have controlled this state for years, just wait the Madigan puppet is not through!
First off, the obvious response by the public, will be wagon trains south, southwest, and west as quick as they can GTFO of illannoy! As for solving the problem...still not serious in Springfield...you don't have to be an accountant to realize they cannot tax their way out of this mess the democ"RATS" have built over the last thirty (30) years! More taxes in illannoy is like pouring gasoline on a fire and hoping it goes out...UP IN SMOKE!!! Checks and Balances do not exist in illannoy because their checks are no good because they have no balances only debt, debt & more debt! One good thing though is all these politicians will easily find another job once the state is gone, they can be magicians because no one can make money disappear faster than illannoy democ"RATS"!!!
Drug dealers will love this. Government creating a whole new user base for their products. The cover market will be the least option for these new users. After they are hooked they will turn to cheapest suppliers. Capitalism at the most basic level. Good luck Mr. Jabba the Hut with your plan.
Had my taxes done today. 2 grand less then last year. I knew it was going to be less. People think that Trump gave them a gift, but actually gave you what you will get at tax time.
Jabba the Toilet Prizker says IL will get 1 Billion in pot sales taxes..lol
So rather than cut 3 Billion from your first budget you are planning on rinning up another few Billions in debt. Just what is the interest on the 3 Billion? Oh that's right your a Democrat you don't care how much debt you incur since if is not your money. Tax and spend, tax and spend more the Democratic way. Suggest you build a wall around whole stats to prevent those thousands of taxpayers from leaving. Will be interesting when to only people yp7 have left are 5he permanent welfare class whatcha you gonna dof when the well runs dry.
2/21/2019 03:10:00 AM
Cannot agree with that, been retired a few yeras, went to other states looked around, and everywhere was better like when you go on vacation it is always better than where you live, try living somewhere else for say 3-6 months to get a taste of that area. Personally know of at least 10 coppers that felt the way you do and they did exac\actly what you said they moved away, but now they all moved back in the area due to some of these factors:
1) Hard to start all over with friends
2) absence of transportation like transit,airports,trains
3) We have some of the best hospitals not just in the country but in the world many fly from all over to get care here.
4) The food choices
5) Family is here and no matter the higher cost reality is family is everything especially as we age
Have you been to a gathering of retired cops say at FOP meeting or event and notice all the retirees still living same neighborhood,same people that had your thought process?
Yes taxes are rising, don't like the democrats but this is home live in Garfield Ridge
(Yep go away and flame the comment Garcia ridge and the rest of the bullshit) You want to find out about your neighborhood talk to the mailman they have the pulse and can tell you what type of people are moving in and was told me homes are being sold many old people are passing away,or going into assisted living, but many moving in are city workers as a matter of fact with all the young coppers being hired many are moving in along with other city workers and that my friend is "change we that live here believe in!"
In Cali they’ve upped the taxes on legal pot sales to almost 40%. So customers just went back to their old street dealers. Now Newsom and theDimocrats are trying to figure out where all that tax revenue they already spent went.
Illinois is about to do the same as the great Exodus of working people continues.
Anonymous said...
"...spending reforms need to be put in place.
Pensions should be taxed, if they are paid out-of-state.
Clear reasoning for this to happen. The region that is liable to pay the pension should be the region that the pension is recirculated in. If a pension is being spent outside of Illinois, then the state should withhold 20%.
ALL that money is being spent in a different regional economy and is helping that economy thrive while the state liable to generate revenues to cover that pension (Illinois) gets nothing out of it..."
2/21/2019 01:34:00 AM
You advocate for a one-fifth hit on a fixed income
for retirees just because they finally want to reap
some reward for their hard work?
You're quite the Collectivist aren't you?
What you advocate is discriminatory and extortionist.
Ok m/fer...
What's your high-flying idea to make all the free-shit
peoples/folkses kick in their "fair share?"
Oh wait... They'll fucking burn your house down
with you in it for fucking with their well earned
and worked for free-shit.
M/Fers like you are sickening with your "Hit those
'Rich' Public Safety retirees who left US and took
their 'Riches' with them."
What you advocate is vengeful and contributes
nothing constructive but making you and yours
feel good about clawing back comparative pennies
and nickels on the dollar from first responder retirees.
Anonymous Anonymous said...
don't know one cop close to retirement staying anywhere near this dump... 20yrs from now will have not many left but welfare leeches and illegals... hahahahaha
2/21/2019 03:10:00 AM
You must lead a sheltered life. My neighborhood is LOADED with retired police and fire
Woohoo I've been smoking and gambling since I retired. Bring it on !
Dude you CANT umm "reform pensions". The State Constitution FORBIDS it.so ehy claim doing it is a solution? You know what is the solution? FUND THEM. Honestly and completely fund them.
Nowasfor other entitlements,like various welfares, CUT THEM OUT LIKE THE CANVER THEY ARE!
California legalized pot then regulated and taxed it to death. The black market for pot in CA thrives because of that. If the politicians didn't get crazy the state could have reaped the rewards instead of off-the-books weed dealers.
Pensions should be taxed, if they are paid out-of-state.
Clear reasoning for this to happen. The region that is liable to pay the pension should be the region that the pension is recirculated in. If a pension is being spent outside of Illinois, then the state should withhold 20%.
ALL that money is being spent in a different regional economy and is helping that economy thrive while the state liable to generate revenues to cover that pension (Illinois) gets nothing out of it.
If nothing like this happens, they can still declare bankruptcy of the pension funds and those who think they are owed six-figure pensions will quickly find out how Bankruptcy Court works and gives you a nickel on the dollar.
ALL this goes back to unions demanding so much and Democrats promising more and more in exchange for their votes.
Well, now the numbers don't add up. Over-promised pensions bankrupted GM and other companies, you are now seeing it happen in the public sector.
Hey asshole, people retire to warmer climates for their health. People need to stop making excuses for Chicago and Illinois politicians to cut or tax our pensions. They have knowingly failed to fund pensions and instead have bloated contracts to the connected. Not our problem. Legalize weed, gambling, prostitution I don’t care just come up with th money you owe. Pensions are not a credit card you can simply walk away from with no responsibilities.
Sell the State of Illinois building sell off the tollway system. Chicago can sell off the lakefront. Again not my problem. For enthem to sell or lease anything worth value before allowing them to go bankrupt!!!
Pensions should be taxed, if they are paid out-of-state.
2/21/2019 01:34:00 AM
Two works for you asswipe, F*CK YOU!! That's the reason we moved out of Illinoyed AND I pay my taxes to my state of residence, NOT Illinoyed!!
Hey new flash JB, we knew this for well over last 30 years, Illinois was going to outspend itself if it continued its bloated liberal government practices and entitlement programs. For a guy who never worked a day in his life sure has the insight, huh.
Painting another gloomy picture for excuses to give Sanctuary another benefit, JB Pigster will talk a lot of trash about pension reforms too but he’s knows it won’t bode well since his largest vote base support comes from Teachers unions and retirement funds.
In the year 2020, it’s the soonest JaeBae Prickster can call for vote referendum for a 2028 Constitution Convention.
Unlikely to pass the General Assembly or voters. Other than threats of taxing pensions, we won’t see any movement here.
Squeezing revenues from the tax base to spend on entitlements and bloat govmint is a time honored IL tradition.
What else is left to tax the shit out of?
Legalize and taxing the weed, but that doesn’t include low level cartel supplied dillers - whom even collect IL Entitlements.
Raising the taxes on the few left working, that’s no problem.
We don’t want jobs and manufacturing here, we want voters and housing filled with those who expect and demand free stuff.
Anonymous said...
Until someone grows a set of balls and cuts back on all the entitlements nothing will change. Jumbo is just another talking head telling people what they want to hear, not what they need to hear.
2/21/2019 03:10:00 AM
Cap Pensions at $100,000 that's what's bankrupting the state look at all the top pensions disgusting.
Sure, taxes can cause evasion. But liquor taxes average about 20%, and since they're calculated on volume, not sales price, they're a higher percent of the cheap booze that moonshine competes against. And while moonshine is still a thing, it has a very small part of the alcohol market.
The other point of comparison is to consider cigarettes in New York City. Marlboros are reported at $14 in NYC, slightly below $5 in the cheapest states. So NYC is effectively taxing them about 200%, which may be somewhat self-defeating. Studies of discarded packs estimate that a little more than half of all NYC cigarettes are smuggled in from out of state (often sold on the street or in bodegas, but also mailed and brought in for personal use and for friends).
Now, marijuana still costs more than tobacco, so I'd expect that the point where you'd have half the people evading taxes is a lot lower than 200% of the pretax price. But a 20% tax ought to be doable, raising some revenue without much of the market remaining illegal. Providing, of course, that the licensing costs are minimal (why should it take more than $100 for an initial inspection and to be handed a rule book?) and the regulations clear and reasonable (e.g., security doors, secure cash handling, ID checks required).
Finally a true Joint Session
Anonymous Anonymous said...
Opening up the Illinois Constitution is the big prize. Once that happens everything is fair game - including the Pension Protection Clause. Change the pensions and eliminate a lot of the debt on the backs of worker bees... Be very afraid.......
You are correct. With the dems holding govenir, senate and house that can make any and all changes to the constitution that they want
Those police neighborhoods will soon become a thing of the past. Once you get the full brunt of all the new taxes coming your way those smart old timers will relocate to Wi or In close but not in state anymore. Their lives will become much less stress free and they will wonder why they didn't do it sooner. My advise is get out while your property values are good because once the Exodus begins values will fall. Surrounding states will see a rise in values so leave now and sell high and buy low.
Cut entitlements are you crazy, they would all lose their jobs and Republicans would take over.
Anonymous said...
Anonymous Anonymous said...
don't know one cop close to retirement staying anywhere near this dump... 20yrs from now will have not many left but welfare leeches and illegals... hahahahaha
2/21/2019 03:10:00 AM
You must lead a sheltered life. My neighborhood is LOADED with retired police and fire
2/21/2019 11:49:00 AM
Live by archer and menard and go to gym Vaunt fitness on archer so many retired police fire city workers there gee guess they didn't move enjoy your lonely life, when you move and come back like many do you can always come home!
Pensions? Don't talk about pensions. You kidding me? Pensions? I just hope we can get another paycheck.
Raising taxes is NOT the answer.
Why?
It never works. Never. Not ever.
Tell me one time it did.
2/21/2019 12:17:00 PM " Pensions should be taxed, if they are paid out-of-state. . ."
What slavery, servitude or bondage did I sign up for 1972.
Among other things, I agreed to live in the city while employed & pay 9% into the pension.
Now you want me forever tethered to the confines of Illinois or you will diminish my pension.
I never agreed to that and never will.
Actually, I want a BONUS to my pension for staying in Illinois, another BONUS for staying in Cook and a DOUBLE BONUS to stay in ChiRaq!
Cap Pensions at $100,000 that's what's bankrupting the state look at all the top pensions disgusting.
""""""
they seem excessive but the total amount of Pensions over $100,000 doesn't really make all that much difference. Problem is that way too many promises were made to employee unions in exchange for votes for both parties but mostly for Democrats. It is just way too easy to retire at 50 or 55 and get a full pension for 30 years or sometimes more. The system was never designed around those kinds of numbers. Plus most of the pension plans were never funded back when people were accruing all these benefits. You can't really undo that problem even if you fixed the problem of excessively generous benefits.
Out here in CA all the weed tax did was drive MORE people to black market dealers.
Ain't nobody paying 360 an ounce, plus tax, when a simple trip to any California college campus can get you the same quality ounce for 100 bucks.
Liberals are so dumb they fuck up their own weed game. Classic!
1:34AM.......
Already been to the Supreme Court. Can’t tax pensions if one moves out of state.
More then likely, I’ll stay in Illinois but only for family reasons.
By your logic, taking a fucking cop job should be life long indentured servitude in a state?
Nobody wants this fuckin job now.
Maybe you can hire MS-13 to police and hope for the best.
Fuck off.
i agree that family is a compelling reason to stay in this nightmare of a place. as you get older some of that wanderlust wears off and family gets more important. but in response to mr pay 20% exit tax a hearty fuck you snow flake. thats what it is, an exit tax. all socialist countrys or states eventually have to arm their borders to keep the people in their workers paradise. venuezuala just closed their borders. nobody in, nobody out. i have worked 50 years here not counting school jobs and always paid the max tax rate. THEY didnt manage the money, follow their laws and fund their pension plans or address their debts and interest payments. instead they took our tax money and gave it to their supporters so they could keep their royal positions. residencey is immoral and so are your fucking exit taxes. if i decide ive had enough of shoveling snow and slipping on ice and being stuck in the house half the winter and i want to retire somewhere warm that is my choice. fuckin liberal strokes are always talking about this being a free country while they make bullshit rules for everyone who isnt them. half my time was with the city, daley never funded his half of the pension, while we funded ours every two weeks. spent all the money ? too bad, sell lake michigan to the saudis, your bill, your problem. FUCK YOU PAY ! politicians lkie rahm daley arena etc think they are the bosses of the world, nothing moves without their say so, but after they fuck it all up the come back to the working stiffs with their hands out. as someone stated wherever you move to will rightly tax you. so retirees should pay in two states ? they already do that with estate taxes mr. socialist. fuck you and your pension taxes. turn over your entire estate to j b fuckster if you want to help you asswipe. now get your shine box, i have a ride in a car trunk for you...........
The toilet calles Chicago will never be flushed as long as the Democommunist Vultures remain in control. They exist only to financially rape you. Think about it.
Pritzker’s head is like one giant Helium Balloon, just waiting to pop. One-term Governor, or possibly impeached.
The 3.2 billion deficit is just about what Illinois spends on criminal aliens every year!! Let that sink in for a few minutes.
I was in Portage Wisconsin last week, Bought ammo at Walmart 15 dollars for a box of 50 45 cal.I loaded up.
Costco in Mattawa, lake County 25 minutes from O'hare.
Anonymous who mentioned taxing out-of-state pensions has a VALID POINT. The money is NOT recirculated into the regional economy that is liable to pay for it THAT is important.
To all those who have a "sense of entitlement" as strong as a welfare recipient - time to wake up and smell the Starbucks.
This state is BROKE and something has to change in payment of over-bloated pensions, double pensions (collecting from two or more funds) and all the gaming of the system to get higher pensions to where they are six-figure and above.
If pensions are paid out-of-state and they are above $90,000 - they need to be taxed.
You got paid more here because we always heard "it's the cost-of-living, we gotta get paid more."
Well, the cost-of-living is a double-edged sword. You move to a cheaper place - you can give some money back.
OR - get that state's pension equivalent for the same job. Take your pick. If you were a Sergeant here, you can get the equivalent of what a Sergeant would get in your new state.
"OH - THE COST OF LIVING is NOT a FACTOR!" Oh Yes it is. You used it to get more so the pension is based on Illinois, NOT Florida or Missouri or etc.
Well, wait until we go to Bankruptcy court to figure out what is left in the pensions. 20% off the top is a LOT better than settling for a nickel or dime on a dollar. Can't happen? It can.
ANY out-of-state pension over $80K-$90K should be taxed. And that should be retro to anyone who retired after 01/01/2014.
Keep voting us in! We WILL build back Chicago and Illinois!
2/21/2019 01:08:00 PM
JB Pigster
Of all the names out there, I have laughed at many. This one really fits the best. Thanks for making my day!
Retired
Someone should start a pool on When Jumbo Butt will be heading to prison. He's gonna get that 180 million dollars back one way or the other.
Anonymous Anonymous said...
Those police neighborhoods will soon become a thing of the past. Once you get the full brunt of all the new taxes coming your way those smart old timers will relocate to Wi or In close but not in state anymore. Their lives will become much less stress free and they will wonder why they didn't do it sooner. My advise is get out while your property values are good because once the Exodus begins values will fall. Surrounding states will see a rise in values so leave now and sell high and buy low.
2/21/2019 05:43:00 PM
Those police neighborhoods will NEVER become a thing of the past as long as police, fire and other city workers have to live in the city. Values will go up in those neighborhoods as there will be less areas to live in. How do you think home values got so high in Edison park, Wildwood, Norwood Park
People in Illinois are complaining about state income tax in Illinois should check the state income tax in Wisconsin. They have a higher stare income tax than Illinois and tax your pension. So before you start spouting moving to Wisconsin, do your honework
Ok... with this thinking, if I remain in Chicago after I retire, and then I want to take the grandkids to Disneyland...because I'm spending money out of state, the city should hold back 20% of my pension check ?? So... I guess no more fishing in Wisconsin for me, as I will be spending money in Wisconsin for bait and cheese....and the City should penalize/reduce my pension check for fishing out of state? GREAT LOGIC !!!
P.S. damn-it I guess I should not have put a deposit on that cruise from the Miami port in 2020....there goes 20% of my pension check again ????
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