ILLINOIS: STATE ENDS FISCAL YEAR $6.1 BILLION IN RED
zerohedge@zerohedge40 s
ILLINOIS SEES DEFICIT AT ABOUT $7.5B BY AUGUST. “Bullish” – Keynesianism
SPRINGFIELD — Illinois finished the fiscal year on Sunday $6.1 billion in the red.
But Comptroller Judy Baar Topinka said Monday the backlog of unpaid bills to schools, agencies, hospitals and businesses is expected to grow another $1.4 billion by next month.
The state collected $1.3 billion in unexpected tax revenue this spring from residents selling assets before new tax laws took effect.
http://www.pantagraph.com/news/local/government-and-politics/illinois-ends-fiscal-year-billion-in-red/article_a7c0f850-e26e-11e2-bcf9-001a4bcf887a.html
Illinois Ends Fiscal Year $6.1 Billion in Red
http://www.wsiltv.com/news/local/Illinois-Ends-Fiscal-Year-61-Billion-in-Red-213857531.html
http://www.dailyjournal.net/view/story/3d43179f3d3248c18a902e313af2c479/IL–Deadbeat-Illinois/
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