Reboot Illinois –
Most of us like to give our children and grandchildren savings bonds or cash to invest and grow over time. We see it as helping to finance their futures.
In Illinois, we’re doing the opposite. We’re leaving our children and grandchildren a gargantuan bill for our short-sighted political expediency. Years of skipped state pension payments and meager recessionary returns mean that if the bill for all of Illinois’ debts came due today, every single one of us who pays taxes in Illinois would need to come up with $43,400.
That college fund for your child? Turn it over. Illinois isn’t paying its bills. It’s not providing enough to cover retirement security for the teachers, prison guards, state troopers and others who have been guaranteed a pension.
Confronting this crisis remains an absolute must for us all. Already, it is strangling our ability to devote more resources to better schools, smarter transportation options and healthier communities with homes near jobs and reliable public transit. Soon we will have no choice but to make severe cuts to basics including schools, roads and rail, and water infrastructure, hurting our communities now and for decades to come.