The fifth-largest U.S. state is in trouble: Illinois has a $111 billion unfunded pension obligation. It has a pile of unpaid bills. Revenue down, spending up, no one in control and no end in sight
Reuters – ?58 minutes ago?
The ongoing stalemate is deepening the fiscal woes of the fifth-largest U.S. state. The state’s backlog of unpaid bills, currently at $7.2 billion, could reach $12 billion by June 30, Illinois Comptroller Leslie Munger warned recently. Illinois …
Chicago Tribune – ?19 minutes ago?
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We don’t know what the governor will say during his budget address Wednesday, but we know he’s got a couple of key facts at his disposal: Illinois has a $111 billion unfunded pension obligation. It has a pile of unpaid bills. And by pushing this…
Illinois state budget crisis at a glance: Revenue down, spending up, no one in control and no end in sight
Reboot Illinois – ?18 hours ago?
Rauner vetoed all but one of the 20 budget bills (he signed legislation to fund elementary and secondary education, ensuring that schools statewide would open on time), saying he wouldn’t discuss the budget until Democrats pass some of the business and …