Understanding Illinois: The Pols Won’t Do It, So You Balance State Budget
•May 3, 2017• By Jim Nowlan NP Guest Columnist As we enter a third year without a state budget, I turn to readers to close a gap of about $9 billion between state expenditures of $72 billion (hard numbers difficult to nail down, as no budget) and annual revenues of about $63 billion. There are of course two ways to do this: cut expenditures and/or increase revenues. Nearby I lay out a necessarily compressed and incomplete set of prominent, quite real budget options. Can you select among the options to come up with $9 billion in actions that would close … Read More
