Counter to the narrative coming out of the Governor’s office, the People’s Agenda points out that the state of Illinois is not spending too much, but rather is spending too little. Illinois has the 5th largest economy in the country and is the 13th wealthiest state, yet ranks 47th in spending on K-12 education, higher education, healthcare, public safety, and human services.
In order to bring Illinois in line with other Midwest states, the People’s Agenda calls for generating new state revenue from those most able to afford it. The People’s Agenda revenue package includes closing corporate loopholes, passing a graduated income tax, millionaire tax, and a financial transaction tax. Together, these revenue proposals would generate billions of dollars for the state of Illinois. The report goes on to give concrete examples of how this new revenue could be spent, such as providing universal Pre-K childcare assistance, reducing violence, and ending homelessness in the state of Illinois.