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Budget solutions 2020: 5-year plan to balance Illinois’ budget, pay off debt and cut taxes

FEBRUARY 6, 2019 | by Adam Schuster | ILLINOIS POLICY INSTITUTE

It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and focus education spending on classrooms instead of on administrative bloat. Addressing these main cost drivers now could turn the state’s perpetual deficits into surpluses in just five years, creating the opportunity to pay off debt, cut taxes and stimulate economic growth.

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