(The Center Square) – A new report highlights just how bad the state of Illinois has been with the budgetary process over the years.
Pew Charitable Trusts found only two states with annual deficits in fiscal year 2022, a record low. Senior associate Page Forrest said Illinois is one of just six states that recorded a 15-year shortfall at the end of fiscal 2022.
“The good news is that fiscal year ‘22 is the first time in at least two decades that Illinois recorded an annual surplus,” said Forrest. “The bad news is that the surplus, while substantial, wasn’t enough to move the needle for the state long term.”
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The report notes that because of chronic deficits, Illinois lawmakers regularly delayed payments to hundreds of vendors for more
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