The long list of people the state owes money to could nearly triple in five years, if lawmakers don’t get costs under control, according to a local budget watchdog group.
Congress isn’t the only government body facing a “financial cliff.” Illinois lawmakers also are being warned about the state’s dire financial situation, which could get even worse if the federal government has to slash funding to the states.
Mayor Rahm Emanuel says Gov. Pat Quinn and Illinois lawmakers should heed the warnings of the Civic Federation, which says the state’s pension debt will grow by leaps and bounds if immediate steps aren’t taken.
A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.
Ahead of Gov. Pat Quinn’s state of the state address this Wednesday and his budget address next month, a tax watchdog group is sounding the alarm about Illinois’ looming financial disaster.
Illinois keeps falling farther behind on its debt, and Comptroller Judy Baar Topinka says it’s even worse than it appears.
State revenues have increased this fiscal year, but there are still billions of dollars in backlogged bills to contend with.
Published reports are describing what Gov. Pat Quinn will have to say in his budget message to be delivered Wednesday.
Taxpayers could be left footing the bill in a costly legal battle involving a Chicago state representative.
A new report says Gov. Pat Quinn has a proposal for dealing with some of the states huge number of unpaid bills.
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