Category Archives: debt

Congrats, Dems… Now What Are You Going to Do About This Mess

Illinois Democrats in the General Assembly won big Tuesday, and now have the votes to override any veto by Gov. Pat Quinn. The Chicago Tribune congratulates the Dems. Their prize, says the Tribune, is ownership of a financial disaster largely of their own making which they must now fix – probably without much help from across the aisle.
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Quinn to Allow Media to Look Into Illinois Prisons

The 2013 budget for the Illinois Department of Corrections is $1.9 billion. Gov. Pat Quinn wants to trim $82 million by closing some prisons and other facilities. Taxpayers have a big stake in IDOC, but media outlets who tried to get a look at conditions inside the prisons were shut out by the Quinn administration. This was not an example of open government at its finest. Faced with the threat of a federal lawsuit, the administration relented.

Fact of the Day — Prison and other facility closures are projected to save $82 million in fiscal 2013. That’s only 1.3 percent of the state’s $6.5 billion current backlog of unpaid bills. (State Budget Crisis Task Force Illinois Report, Illinois Comptroller’s Office)

Wall Street Journal Dissects Illinois’ “Double Helix” Situation

The Wall Street Journal editorial page sure knows how to turn a phrase. On the cause of Illinois’ wretched financial situation, the WSJ blames “the double helix of government unions and Democratic politicians.” It may not be quite that simple, but who can’t appreciate a phrase that catchy?

 

Illinois’ Infrastructure Needs

“Over the next several decades, Illinois’ infrastructure needs will likely exceed $300 billion, yet the state does not have a comprehensive plan to address this critical need. There are real costs associated with underfunding of infrastructure: shipping and travel delays, congestion, pollution, and diminished economic growth.” State Budget Crisis Task Force Illinois Report.

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