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Why Illinois Is Going Broke

Here’s an eye-opening report from our friends at Open The Books: Illinois has 132,188 state or local government employees who make over $100K per year, at an annual cost of $17 billion.

These wages and salaries are typically 30% more than is earned by comparably skilled private sector workers whose taxes pay for these munificent government salaries. This report doesn’t even include the fact that most government employees in the Land of Lincoln have virtual lifetime tenure. They seldom get fired no matter how bad their performance. And it may be set to get worse. The report concludes:

This year, Pritzker is pushing Amendment 1 – which would enshrine long-term employment contracts for government workers, multi-year salary increases, constitutional backed lifetime pensions, the power to strike, and much more.

It would essentially make Illinois “unreformable.”

https://openthebooks.substack.com/p/why-illinois-is-in-trouble-132188

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