Illinois Seeks to Boost Taxes, Cut Spending
February 26, 2010
The Wall Street Journal - Page A6
This article discusses the difficulties State of Illinois Governor Pat Quinn may have in cutting spending and raising taxes to close the State’s budget deficit, estimated to be at least $12.8 billion. The piece cites the IIFS report, “A Fiscal Rehabilitation Plan for the State of Illinois,” which calls for cuts in spending, pension system overhauls, and tax increases to help balance the budget.