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August 2010, No. 277c
Last Updated: 07/22/2010

Charting Illinois’s Fiscal Future (Special Issue)

Rick Mattoon

The state of Illinois has been facing a precarious fiscal situation for the past several years. According to the Civic Committee of the Commercial Club, Illinois has accumulated over $120 billion in total indebtedness. This works out to nearly $25,000 per household. Even in the short run, Illinois faces a budget deficit in excess of $11 billion in the next budget year.