Illinois Is in a $6 Billion Budget Hole and Flirting With Junk - Bloomberg
BOTTOM LINE - Illinois’s record-breaking budget impasse has left it with no spending plan for two years, $15 billion in unpaid bills, and a $6 billion deficit.
...So far, the budgetary pain has been limited mostly to social service providers and universities reeling from the loss of state aid. Services for the homeless, disabled, and elderly have been slashed. Starting on July 1, Illinois won’t be able to pay contractors, bringing road construction to a halt and a possible shutdown of transit services. Without state aid, school districts across the state say they may not be able to stay open for the full school year. Vaccine access for thousands of children is at risk because the state isn’t paying doctors for immunizations on time, according to the Illinois chapter of the American Academy of Pediatrics....
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