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02:58 AM
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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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[quote:Anonymous Coward 74686423:MV8zNTU2NjYxXzYzNTQyOTEyXzZDMUMwNEM4] Obongo's home run by the gay ballet dancer with dual citizenship fails.. Who would have thought? The only large city with falling population due to corruption and crime Buh bye [/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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