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Chicago in total collapse as Comptroller has to figure out which bills to pay and not to pay!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 68697557:MV8zNTU2NjYxXzYzNTQyNjE1X0Y5MjRENjU2] [quote:Anonymous Coward 64394210:MV8zNTU2NjYxXzYzNTQyNTk0XzQ0QkNEMjkx] [quote:Anonymous Coward 68697557:MV8zNTU2NjYxXzYzNTQyNTc4X0QzODlCMzM0] I feel for the rest of IL outside of the shithole but damn..they knew it was bad for a while and had time to get out. As for those inside the shithole...f-em - that has been bad since the fire or before. You know a state is in bad shape when it was recently welching on it's lottery payouts - that is unheard of. [/quote] [b][color=red] dont feel sorry for a government that pays its employees 400,000 per year[/color][/b] [/quote] That too - all in all, not a good place to be. Southern IL is nice xcept the government part. [/quote]
Original Message
OFFICIAL WARNS ILLINOIS FINANCES IN 'MASSIVE CRISIS MODE'
CHICAGO (AP) -- The Illinois official responsible for paying the state's bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue.
Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.
A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.
Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois' monthly revenue.
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