IL comptroller warns of 'massive fiscal crisis' by end of the month

On May 31, the Illinois legislature adjourned for their summer break without passing a state budget. There is nothing unusual about this. The state House and Senate are solidly in Democratic control while the Republicans control the state house with Governor, Bruce Rauner and for three long years, the politicians in Springfieild have been unable to agree on a budget. This has led to a fiscal mess that the state comptroller, Susana Mendoza is now referring to as a "massive crisis."  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...(Read Full Post)