Smart Economy Initiatives
Illinois is in the troughs of a serious budget crisis. Pat Quinn has threatened to slash education funding by 17% unless the legislature approves a 33% income tax increase. His budget proposal was devoid of specifics and lacked guarantees. For example, Quinn did not assure legislators and the public that the additional funds would not be used for administration rather than in the classroom.
Before we further burden taxpayer with increased taxes, we must cut the fat from budget and eliminate Government waste. I am committed to salvaging our Educational System, at all costs. Here is a thumbnail sketch of some of the things I would seek to accomplish as Governor.
I would develop a plan to ensure Illinois businesses have a funding advantage so that they might dominate the National and Global marketplaces.
We must increase our productivity and efficiency while delivering excellent products, goods and services.
Reduce, Recycle, Reuse, Repair Retrofit
Reduce Consumption, which would reduce demand and thereby, reduce prices
closely monitor the $31 Billion Capital Budget to prevent the Governor and Legislators from going on a wild, sweeping, spending spree.
Only fund truly necessary Capital Projects.
Impose a tax Increase for Non-resident workers; specifically Indiana Residents who work in Illinois. Such employees currently pay less in taxes than Indiana residents who work in Indiana (There are an estimated 50,000 such workers):
Offer the opportunity for Corporations and individuals to acquire Naming Rights for all state buildings, facilities, Expressways; and other fixtures;… See More
Purposefully grow the state’s economy by 3% which would result in an increased tax revenue (income & Sales) equal to 3%;
Offset the discontinuation of State Employee Furlough days with savings resulting from a 4 day a week, 10 hour a day, 40 hour work week:
Install energy efficient light bulbs in state facilities and along state Tollways and Interstate Highways:
Impose Profit Margin Management; limit the profit margin of companies doing more than 2 million dollars worth of businesses per year with the State to ten percent (10%):
Delay all non-essential state repair projects:
Reduce judicial Costs through ticketing, as a means of enforcement of marijuana drug enforcement rather than arraignment which is a much more costly process:
Reduce the state Auto Fleet:
Reduce administrative Paper Flow by 50%;
Avoid unwarranted costly borrowing. Stop using Debt to fund Service.
Restructure the State’s Pension Plan.
Use Pension Obligation Bonds as a means of reducing the amount of interest we pay on current debt;
Utilize the $3 Billion the legislator left to the Governor discretion, when funding the Capital Budget, to create 50,000 to 100,000 sustainable Private sector jobs.
Aggressive Business Development
Help Illinois Businesses expand into National and Global markets:
More spending on education, rehabilitation & Skill development’ Less spending on incarceration
Reduce Prison Population by 1/3 to save $500 million per year.
Carefully reassign Non Violent offenders,
Upon release enable them to return to their families:
Provide HIV testing & treatment;
Anger Management and Conflict Resolution;
Social and Skill Development;
Assign each parolee a Case Worker to assist them in acquiring unemployment compensation, Public
assistance, Food stamps;
Assist them with Resume’ development;
Earmark 15,000 of the jobs created by the Capital Budget specifically for parolees.
To attract new businesses, we must:
Increase our overall education level.
Deflate our Economy;
Reduce the cost of living and re-adjust our wages, accordingly;
Lower consumer costs;
- Lower and stabilize motor fuel and home heating costs
- Reduce the cost of nutritional foods.
Increase consumer spending power.
Control Prices through collective buying.
Reward retailers who maintain low prices.
Maintain Fixed Incomes at the current levels while adjusting prices to avoid inflation.
Lobby for reduced Bank Interest rates.
Diminish prospects of artificial price inflation.
Lower local production costs
Eliminate the Greed Factor.
