POS is the correct acronym for this tax increase.
Hmmm. Illinois has long said its progressive tax proposal will raise $3.4B or $3.6B. According to POS (prelim official statement), hike will only raise $3.1B. That's not the only interesting thing in the POS. Via @Wirepoints
https://wirepoints.org/things-that-make-you-say-hmm-about-illinois-new-bond-offering-wirepoints/ … #twill #muniland @GovPritzkerpic.twitter.com/2Qii6Dxr3J
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$850m while the backlog is $8.8BILLION. +/- a little side deal for $2.5BILLION Due short term +the $7BILLION the Springfield DemMob borrowed because the Budget Impasse. (how IL overspent $7B with no budget smacks of incompetence at all levels) Such a
show.pic.twitter.com/vQPRrPuH8b
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Meanwhile the rest of us have to live within our means. Stop raising taxes. Cut the budget.
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Keep up the great work
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