Editorial: Illinois’ fiscal plight goes from bad to worse – Chicago Tribune

Our state policymakers didn’t create the coronavirus, and they couldn’t prevent its brutal economic effects. But for leaving the state so unprepared for this unexpected crisis, and spending at breakneck speed right up to it, there is no one else to blame.
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debtsor
6 years ago

“In its best-case scenario, revenues would drop by a total $4.3 billion in the 2020 and 2021 calendar years. Worst case? $14.1 billion. The IGPA also anticipates a big jump in outlays for public health, Medicaid and various human services. ”

All the more reasons for a tax hike! Let’s double the tax rates of the ‘fair tax’.

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