Report: Overdue Bills Could Soon Consume Half Of State Revenue
Illinois has never really dug its way out from the Great Recession, the Civic Federation says. David Stillman/Flickr.com/stilldavid (CC-BY-NC)
A nonpartisan research group says Illinois’ desperate financial condition is getting even worse.
The Civic Federation of Chicago says unless something is done soon, by next year the state’s pile of unpaid bills could consume half of all new tax revenue.
The group has published an 86-page report outlining where it thinks Illinois ought to go.
Statehouse reporter Brian Mackey called up Federation President Laurence Msall to talk about the group’s analysis and recommendations.
Links
- Comparing The Illinois Fiscal Crisis To California’s Recent Issues
- Fiscal Expert Has Plan To Fix Illinois’ Budget Woes
- Credit Houses Voice Concern About Illinois’ Fiscal Health
- Illinois Pays Penalty For Bad Fiscal Image
- Illinois Fiscal Reputation Costs $80 Million More
- State Fiscal ‘Toolbox’ Available To Better Explain Budget Issues