Monday, January 30, 2012

Report Says State Finances in Dire Shape - Chicago News Cooperative

Report Says State Finances in Dire Shape - Chicago News Cooperative

Civic Federations confirming Illinois's headed off the cliff,
“All governors like to talk about the positive aspects of their administration and certainly Governor Quinn has some positive aspects,” Civic Federation President Laurence Msall said. “But the fiscal reality of the state of Illinois isn’t rosy and it isn’t optimistic.”

The report points to rising pension costs and medical bills for the poor and uninsured as the primary culprits of increased state spending. Among the Civic Federation’s suggestions for reining in state finances are reducing automatic 3 percent increases built-in to retirement pay for government workers and increasing the cigarette tax.

“It’s a very frightening situation,” Msall said. “It’s one that calls for not half measures, not politically massaged answers. It calls for significant, drastic action by the state of Illinois.”
Somehow I think it's gonna take more than dinging the smokers again.

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