Advertisement

Closer Look: Many challenges as Quinn inks budget

Updated: Sunday, 03 Mar 2013, 10:16 AM EST
Published : Sunday, 03 Mar 2013, 10:16 AM EST

CHICAGO (AP) — Gov. Pat Quinn has a tough job ahead of him as he prepares to deliver his latest proposed budget for a state in financial disarray.

Outside analysts in recent months have described Illinois' fiscal condition as "a deep hole," a "downspin" and "not fiscally sustainable."

Several factors have contributed to the state's budget mess.

Lawmakers have yet to find a solution for Illinois' $97 billion pension crisis. That's caused annual payments to public-employee retirement funds to balloon to nearly 16 percent of the state's general funds budget. It likely means multimillion-dollar cuts to education and other areas.

Years of what critics call "budget gimmicks" also has left Illinois with a $9 billion backlog of unpaid bills, and the state's economic recovery has been slow.

Quinn's address is scheduled for Wednesday.

--------------------------------------------------------------------
Opinions that are derogatory, attack other users or are offensive in nature may be removed. WTHI is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report Abuse."

 

 

comments powered by Disqus

Advertisement
  • Storm Team 10 Forecast

Memorial Day Weekend

Tracking unwanted rain showers to move in this weekend.

Advertisement

 

Advertisement