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Illinois Finances

Illinois Is the Third-worst Run State in the Nation

Matthew Dietrich | Posted 01.26.2014 | Chicago
Matthew Dietrich

As usual when Illinois ranks third in a Top 10 list, it's two places from being the worst. In this case, we're the third worst-run state in the U.S....

Totally-Broke State Buys $669,608 Doors For Capitol Building

Posted 09.05.2013 | Chicago

As federal spending watchdogs keep an eye out for $100 hammers, Illinois is getting away with $669,608 doors. That's right: The broke-as-a-joke ...

Pension Spending, Unpaid Bills Loom Large In State's New Budget

Reuters | Posted 05.06.2013 | Chicago

SPRINGFIELD, Ill., March 5 (Reuters) - Illinois Governor Pat Quinn will unveil a fiscal 2014 budget on Wednesday that will chip away at a huge pile ...

Report: Illinois' Unpaid Bills Could Hit $21.7 Billion In 5 Years

Reuters | Posted 04.27.2013 | Chicago

CHICAGO, Feb 25 (Reuters) - Illinois' pile of overdue bills could nearly triple to $21.7 billion in five years unless the state takes action to curb...

State Of The State's Pensions? 'Horribly Embarrassing'

Reuters | Posted 04.08.2013 | Chicago

By Karen Pierog CHICAGO, Feb 5 (Reuters) - Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his wor...

Report: Illinois' $43.8 Billion Budget Deficit Is Nation's Worst

Posted 06.22.2012 | Chicago

A report released Thursday by the state's Auditor General claimed that Illinois' ever-bulging budget deficit is "easily" the nation's worst. Illino...

GOP Lawmaker: Illinois Economy Continues To Deteriorate

Posted 04.12.2012 | Chicago

U.S. Rep. Randy Hultgren (R-Ill.), standing in for the still recovering U.S. Senator Mark Kirk, on Wednesday delivered a report on the state's financi...

Quinn Wants To Borrow Nearly $5 Billion...But How?

AP | DON BABWIN | Posted 05.25.2011 | Chicago

CHICAGO — While laying out his budget plan, Illinois Gov. Pat Quinn sounded less like the leader of a state facing a $13 billion deficit than a ...

Pat Quinn's Budget Address: The Morning After

Posted 05.25.2011 | Chicago

Pat Quinn criticized his own budget address while proposing it on Wednesday, and after the speech many writers and politicians were happy to share the...

Pat Quinn's Budget Address: Income Tax Hike Can Save Schools

AP | CHRISTOPHER WILLS | Posted 05.25.2011 | Chicago

SPRINGFIELD, Ill. — Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call fo...

Illinois Can't Afford Special Election: State Officials

AP | CARYN ROUSSEAU | Posted 05.25.2011 | Chicago

CHICAGO — Election officials statewide say they don't have the money to pay for a special election that could be held to fill President-elect Ba...

Illinois Budget Questions Answered

Associated Press | Christopher Wills | Posted 05.25.2011 | Chicago

Illinois government faces a budget crisis. A big one. The deficit is growing, bills are piling up, state services are being cut and officials have no...

Illinois Facing Potential $800 Million Budget Hole

Associated Press | John O'Connor | Posted 05.25.2011 | Chicago

A staggering economy is eating away at state budget revenue, creating what could be a budget hole of $800 million or more, the Blagojevich administrat...