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Illinois’ pandemic budget relies on $6.5 billion in revenue that hasn’t materialized

JULY 2, 2020 | by Greg Bishop | THE CENTER SQUARE – ILLINOIS

By Greg Bishop, includes “… A public finance watchdog said it shows the state's policymakers haven’t learned their lesson after years of structurally unbalanced state budgets that have shaken investor confidence in the state's ability to pay its bills. … While those things aren’t certain, if they were, the spending plan has an $86 million surplus. But Bergman said the state has already taken out a short term loan of $1.2 billion that comes with an interest rate.”

 

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