Tuesday, December 13, 2016

Another Year Of Financial Uncertainty Looms For Illinois - Associated Press

Illinois hasn’t had a full budget since July 1, 2015 — the longest a state has gone without a spending plan since at least World War II. About 90 percent of the state’s spending is on autopilot because of court orders requiring funds for crucial services such as Medicaid and salaries for state workers. Every day that passes Illinois is going into debt — about $500 million a month, according to the state comptroller — because the court orders are forcing the state to spend more money than it’s collecting in taxes. However, those court orders don’t cover higher education institutions and some social service programs. That has prompted some providers to close their doors and layoffs in higher education. http://chicago.cbslocal.com/2016/12/04/another-year-of-financial-uncertainty-looms-for-illinois/

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