Charting Illinois’s fiscal future

Richard Mattoon

Chicago Fed Letter, 2010, issue Aug, No 277c

Abstract: The state of Illinois has been facing a precarious fiscal situation for the past several years. According to the Civic Committee of the Commercial Club, Illinois has accumulated over $120 billion in total indebtedness. This works out to nearly $25,000 per household. Even in the short run, Illinois faces a budget deficit in excess of $11 billion in the next budget year.

Keywords: Budget deficits; Budget (search for similar items in EconPapers)
Date: 2010
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