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cbs2chicago.com...
The State of Illinois' pile of unpaid bills has grown to a record-breaking $3 billion. Comptroller Dan Hynes said Tuesday it's never before been this bad at this point in any previous fiscal year. CBS 2 Political Editor Mike Flannery reports that some social service agencies that rely heavily on state reimbursement warn they will soon be forced out of business.
Hynes said that things are likely to get worse before the state's bleak revenue picture begins to improve.
The comptroller reported corporate income tax receipts down $77 million for July through September; sales tax receipts, down $244 million; personal income tax receipts, down $251 million.
Originally posted by warrenb
Which state is next?
Originally posted by mikerussellus
Originally posted by warrenb
Which state is next?
Just pick one that the democrats control.
You'll find your answer.
Hynes said he's now getting 2,600 calls a week from creditors desperate to be paid by the state. While the General Assembly is scheduled to reconvene next week in Springfield, no one's even pretending to offer a comprehensive solution to the unprecedented budget disaster. Democrats and Republicans, the governor and legislative leaders all insist that must wait until next year.
Originally posted by warrenb
Which state is next?