Yesterday, Illinois Comptroller Leslie Munger described the harsh realities of the state's finances. She said, the state's budget typically acts as a credit limit, and since we don't have a budget, the state is spending more. The state has already spent $1.4 billion more than last year. Combined with the sunset of the state's temporary tax increase, Illinois is faced with a $6.2 billion budget shortfall for this year. The Comptroller put things in perspective. "If you had $6.2 billion, you could buy both of this year’s Super Bowl teams," she said. "You could buy the Willis Tower. You could buy a trip to the moon and back. In fact, you could buy all of these things and you would still have money left over."
Representative Sheri Jesiel (R-Winthrop Harbor) said in response, "I hope the comptroller's message today sparks action in Springfield." She continued, "It's time to cut up the credit cards and work together to restore fiscal stability for the people of Illinois."
Click here to watch the Comptroller's press conference.