Slash overhead. Furloughs and layoffs.
But no, I see "payroll" listed as one of the 'essential' services. Pensioners and current employees needn't worry, but contractors and healthcare workers should.
Another immediate action item: Sell unneeded assets to pay down debt. Land, mineral rights, office space, furniture, whatever. Looks like that's not happening either.
This is only the opening line of Illinois' gambit. What's next - pleas for immediate tax increase or Federal bailout, or both?
Exactly. Everyone is expecting the bailout. They’re setting the stage for it now.
What’s next - pleas for immediate tax increase or Federal bailout, or both?
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Illinois does not tax retirement income. I suspect that will be next or high up on the list.
A rational and educated person would stop digging.
They are going to buy a bunch of backhoes.