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Debt-Ridden Illinois Heading Toward State Government Shutdown

by Emily Richards, CNSnews:

Illinois is heading toward a state government shutdown after the legislature adjourned Tuesday without closing a $6.2 billion gap and passing a budget by the July 1 deadline.  

Illinois currently has the largest deficit and lowest credit rating of any of the 50 states. According to the University of Illinois, its current annual deficit is $9 billion, which is projected to grow to $14 billion by FY 2026.

“We’ve got a mess,” Gov. Bruce Rauner told workers at the Illinois Emergency Management Agency on Tuesday. “It’s going to take a little while to fix. I hope we can get it fixed promptly.” After months of debate, the Republican governor and the Illinois General Assembly’s Democratic majority were unable to resolve their budget dispute by Tuesday’s deadline.

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