Illinois stuck in a ‘historic, epic’ budget crisis
February 23, 2010
Chicago Tribune - Page 6-7
This article discusses how Illinois’ budget deficit of nearly $13 billion has come to equal half of the State’s operating budget of $26 billion. The article highlights the IIFS’ “Fiscal Rehabilitation Plan for the State of Illinois” report which calls for major cuts and pension program reforms in addition to tax increases to fill the budget hole.