Understanding Illinois: Fiscal Follies Continue as Illinois Suffers
•March 1, 2017• By Jim Nowlan NP Guest Columnist Gov. Rauner recently released his third budget, and it’s just as phony as his previous two efforts as well as those of his Democratic predecessors Blagojevich and Quinn. To summarize, Illinois continues to spend about $7 billion a year more than it takes in, on a general funds budget of $32 billion in revenue. Everyone from New York bond ratings agencies to scribblers out here like me say this cannot continue, but it does. The damage is mostly beneath the surface, yet devastating. Our high school graduates flee the state in … Read More
