State Budget Built On Borrowing - Again

Summary


Adoption of a $55 billion budget for Illinois next fiscal year is nothing of which we should be proud. Its a budget built to garner votes, not to put the state in a better fiscal condition.

New programs that can be used as campaign hype were added with $1.1 billion that was supposed to be paid to pension funds. Some day those pension funds will have to be repaid.

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Extract


State Budget Built On Borrowing - Again

Were told the new budget does not call for new taxes, but additional fees for various services have, in effect, become bac...

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