BoogyMan
03-02-2010, 01:37 PM
Wow, I can scarecely imagine how Chicago expected to host an Olympics with this kind of debt looming....
Link (http://www.chicagotribune.com/news/local/ct-met-state-budget-mess-20100223,0,7172195.story)
Illinois government is staring down the barrel of an explosive financial mess, and perhaps nothing frames the danger better than two big numbers.
The first is $26 billion, the grand total that lawmakers have allotted this year for the meat of what the state does: funding education, health care, child welfare, public safety and the machinery of government itself.
The second number is $13 billion, the total of red ink in the state's main checking account that, by law, has to be erased — at least on paper — before a penny can be set aside for day-to-day operations in the fiscal year, which begins July 1.
In short, the deficit is half as big as the core of the state budget.
.: Read the rest of this article :. (http://www.chicagotribune.com/news/local/ct-met-state-budget-mess-20100223,0,7172195.story)
Link (http://www.chicagotribune.com/news/local/ct-met-state-budget-mess-20100223,0,7172195.story)
Illinois government is staring down the barrel of an explosive financial mess, and perhaps nothing frames the danger better than two big numbers.
The first is $26 billion, the grand total that lawmakers have allotted this year for the meat of what the state does: funding education, health care, child welfare, public safety and the machinery of government itself.
The second number is $13 billion, the total of red ink in the state's main checking account that, by law, has to be erased — at least on paper — before a penny can be set aside for day-to-day operations in the fiscal year, which begins July 1.
In short, the deficit is half as big as the core of the state budget.
.: Read the rest of this article :. (http://www.chicagotribune.com/news/local/ct-met-state-budget-mess-20100223,0,7172195.story)