Even With Tax Hike, Illinois Still Has $4 Billion In Unpaid Bills

CHICAGO (CBS) — Despite raising the Illinois income tax 66 percent and implementing spending restraints, the state still has $4 billion in unpaid bills.

Illinois Comptroller Judy Baar Topinka said the state has 130,000 unpaid bills dating back to December, 2010–totaling just over $4 billion.

The sobering news comes one day after lawmakers passed a budget and ended its spring legislative session.

“Lawmakers finally dealt with reality and made real budget cuts, and that is encouraging. It is a good first step,” said Topinka, who took office in January. “But the fact is that even with the recent tax increase, we have more than $4 billion in bills to pay down, and that is going to take some time. Vendors should know that there will still be substantial delays, but the situation will slowly begin to improve if we hold the line on new spending.”

In January, lawmakers raised the personal income tax rate from 3 percent to 5 percent for four years – a 66 percent increase. The corporate tax rate rose to 9.5 percent.

Before the tax increases, the state was facing a whopping $15 billion budget deficit.

  • Cathy

    It just show you how are wonderful politicians just keep lining their pockets .

  • Dennis

    Why is it I feel as though I live in a vetgetble patch because i live in Illinois.
    I really think that Gov. Daniels (Ind.) hit it on the head when he said “that having a neighbor like Illinois is like living next door to the “Simpons”. For those that don’t know about them the program is on Fox & it is about a dysfunctional family that calls home “Springfield”. I think that there are several Springfield’s around the country, but I have a feeling that we all know which one they live in.
    The way the lawmakers are going in Springfield their only out may be BANKRUPTCY or some form of it.
    Their actions are a dirty shame.

  • Right

    too many minorities receiving public aid and paying little or no taxes–even with jobs.

  • jimmy

    There is evidence that several corrupt DoJ, DoD and CIA employees had taken bribes from Al Quida in exchange for information and logistics support during the four years prior to 9/11.

    When one considers that the 9/11 terrorists could take jumbo jet flying lessons, move about the US unobstructed, live for several weeks less than 2 miles from NSA head quarters and be on State Department watch lists, even without the supporting evidence of bribery this makes sense.

    These employees of the intelligence agencies use their vast resources to suppress evidence by using corrupt law enforcement (state and local) to kill suspects. It happened to Eric Scott in Las Vegas.

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