1.0 link 142807 <![CDATA[Illinois Facing Potential $800 Million Budget Hole]]> http://www.huffingtonpost.com/2008/11/10/illinois-facing-potential_n_142807.html A staggering economy is eating away at state budget revenue, creating what could be a budget hole of $800 million or more, the Blagojevich administration warned Monday.

The state's top revenue sources - taxes on personal income, corporate income, and retail sales - are coming in at lower levels than anticipated. The Revenue Department says tax revenue from riverboat casinos could fall $100 million below projections too.

The shaky fiscal picture is the reason Gov. Rod Blagojevich has not acted on legislation...

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