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Already challenging, Illinois’ budget problems could get worse

JULY 16, 2020 | by Cole Lauterbach | THE CENTER SQUARE – ILLINOIS

By Cole Lauterbach, includes “Even though Illinois is facing a budget shortfall in the fiscal year that began this month, a budgetary analyst said the real pain will come when the state's federal loans come due the year after. … ‘The unpaid bills at the end of this year are going to remain about the same as what they were last year, which was $8.49 billion,’ said Ralph Martire … ‘But then there’s that $5 billion in debt that the state incurred this year that it’s using as ‘revenue’ this year that won’t be there next year.’ …”  

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