Gov. J.B. Pritzker has a $134 billion problem in unfunded pension liabilities. Along with several other measures, his administration is considering selling state assets, including the Illinois Tollway, to fill the hole.
It is an understatement that Increasing fuel taxes is challenging. If there is an opportune time to do it, it's when gas prices are relatively low, when the state decides to cut other taxes, and when there's bipartisan support.
One of the criticisms of gas taxes is that it is regressive, i.e., everyone pays the same per-gallon price. A Mississippi legislator has a solution: Eliminate the income tax on the lowest income bracket in exchange for hiking the gas tax 12-cents.