Official warns Illinois finances in 'massive crisis mode'

Associated Press ^ | June 17th, 2017 | SARA BURNETT

[2banana]

The Illinois official responsible for paying the state's bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue.

Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.

A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.

Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois' monthly revenue.

[okie 54]

Most of the States run any length of time by Democrats has financial woes

[okie 54]

Most of the States run any length of time by the Liberal party has financial woes

[momincombatboots]

Nothing a piece of a Trillion dollar stimulus, union bailout can’t fix.

[ought-six]

Since I am retired, and collecting pensions, taxing retirement income will force us to leave the state (we are still here because of my wife’s medical situation, as all of her doctors are here, and she is physically not able to travel; besides, we like our town and neighborhood, which is about 45 minutes west of Chicago).

[ought-six]

Don’t blame Dupage.

[stylin19a]

we could be neighbors.
not much left to tax.

the last RAT proposal included increasing the Income Tax rate to 4.95%.
The RATs ultimate goal is to get rid of the fixed rate income tax and replace it with progressive tax bracket rates.

Illinois has no solutions...

[Trillian]

Maybe he went back to man ho island.

[Secret Agent Man]

Illinois is venezuela.

[RayChuang88]

Seattle is lucky because the presence of Amazon.com, Boeing (even though corporate headquarters left many years ago), Costco, Microsoft, Nordstrom and Starbucks in the metro region is literally keeping that city alive. Northern Virginia is thriving because it is a bedroom community for many Federal workers working in Washington, DC and the fact several large Federal agencies have headquarters in Virginia near DC.

Chicago could have been fabulously wealthy just from being the biggest transportation hub in the USA, but Democratic mismanagement could take down the city and the state of Illinois with it.