Forecasters project long-term deficits, growing bill backlog

By PETER HANCOCK | Capitol News Illinois phancock@capitolnewsillinois.com
Posted 11/16/20

SPRINGFIELD – A new report from the Governor’s Office of Management and Budget shows that without significant new revenue, spending cuts or a combination of both, the state will face a budget deficit of $3.9 billion in the current fiscal year and continuing deficits of $4 billion or more in each of the next five fiscal years.

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