U.S. States Beg, Borrow and Cut to Close Massive Budget Gaps – Bloomberg

"The budget that Illinois enacted earlier this month allows the state to borrow up to $5 billion from the Federal Reserve that could be repaid with anticipated federal aid...Illinois’s spending plan is 'precariously balanced,' according to S&P Global Ratings."
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debtsor
3 years ago

“The budget that Illinois enacted earlier this month allows the state to borrow up to $5 billion from the Federal Reserve that could be repaid with anticipated federal aid.”

It’s like losing your job, then taking a vacation to Hawaii and buying a new Range Rover, with the expectation that your parents will gift you some money to pay for it all. pathetic.

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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