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Home / Watchdog Group: ‘Doomsday’ in IllinoisWatchdog Group: ‘Doomsday’ in Illinois
Last Updated on Wednesday, 29 September 2010 03:00 Written by rslcpol Tuesday, 23 February 2010 02:26
From Chicago Sun-Times:
SPRINGFIELD — To become solvent, the state must enact the largest tax-increase package in Illinois history, whack another $2 billion from already starved government programs and wrest major financial concessions from the state’s unionized work force, a nonpartisan government watchdog contends.
In a new analysis of Illinois’ “horrific” finances, the Civic Federation lays out the painful choices awaiting Gov. Quinn and the Legislature as they stare down an epic $12.8 billion budget deficit that has choked the flow of state cash to public universities and schools, transit systems and social-service agencies to the point of economic collapse.
Tags: Illinois