The state of Illinois has not passed a budget for close to three years. As Illinois’ bond rating approaches junk bond status, Illinois paid bills jumped to $14.3 Billion. Road contractors have been instructed to suspend all roadwork other than that required for safety.
The state of Illinois has not passed a budget for close to three years.
Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly, and financial wizardry statements designed to disguise Illinois’ real problems: failure to rein in spending coupled with a very business unfriendly environment.
As Illinois’ bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other that required for safety.
View original post 783 more words