Illinois Comptroller says the state will fall $6.2B in debt without a budget

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CHICAGO (AP) — Comptroller Leslie Munger says Illinois is on track to fall $6.2 billion further into debt amid ongoing state budget gridlock.

Munger said Tuesday that spending will outpace last year’s rates by $1.2 billion, and factored in a $5 billion revenue drop from the rolled back temporary income tax increase.

Illinois has entered its eighth month without a budget.

Republican Gov. Bruce Rauner wants the Democrat-controlled Legislature to agree to pro-business proposals before he signs off on tax increases. Democratic leaders argue his agenda hurts the middle class.

Munger was short on specifics for how Rauner and lawmakers should compromise. Instead, her office illustrated the debt’s magnitude with a chart showing what $6.2 billion can buy, including both Super Bowl teams, the Willis Tower and two round-trip tickets to the moon.

 

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.