The Chicago Civic Federation, a non-partisan Illinois budget watchdog group, released a report today stating that Illinois could have a $34.8 billion deficit by 2017, an "unprecedented" deficit that the research group claims will only change with significant reductions in pension and Medicaid costs. Even if the state were to extend or make permanent income and corporate tax increases, Illinois would still have a $28 billion deficit in 2017 (or roughly the state's annual operating budget).
The report comes as Gov. Pat Quinn will give his "State of the State" address Wednesday at noon.
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Where's the data?
im so sick of all these debt that this country is going through. the more and more we get into the whole, the worse itll be be for us citizens seeing how we are the ones who have to pay for it through taxes...daily car insurance
I was going to believe that things should start to change lately.
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