Past Due: Can Illinois Run Out Of Money?
Illinois has hit a cash flow problem and will not be ably to make its monthly pension payment in November and possibly December. Wikimedia Commons
Illinois has hit a cash flow problem and will not be ably to make its monthly pension payment in November and possibly December.
The state's inability to cover its expenses has some asking the question: Will Illinois run out of money?
Fiscal watchdog The Civic Federation recently released this analysis of the state's revenue. It clearly explains why Illinois will not technically run out of cash but is nevertheless facing some serious budget problems.
Illinois Public Radio's Jamey Dunn spoke with Civic Federation president Laurence Msall to talk about the state's checkbook and the fallout from the ongoing budget impasse.
Links
- Illinois’ Unconventional Budget-Making Methods (And The One That Seemingly Worked)
- Gov. Rauner, Democratic Leaders Negotiating November Meeting On Budget
- Provost: U of I Urbana Campus Coping With State Budget Impasse
- IDOT Officials Warn Budget Impasse Could Hurt Road Repairs
- Rauner Wants Budget In 60-90 Days, Sees Chicago Fiscal Mess As Leverage Point
- Rauner: Budget Standoff ‘Could Go On For A While’