Report: Since Recession, 10 States, Including Illinois, Operate at Structural Deficits
Posted By Bethany Blankley - Watchdog.org On December 1, 2018 @ 4:55 am
A new report by Pew Trusts points to economic improvement for states overall, but highlights ten – including Illinois – whose expenses still exceed their revenues ten years after the Great Recession.
"Even in the aftermath of two recessions, most states amassed sufficient revenue between fiscal years 2003 and 2017 to cover their expenses," the report’s author, Barb Rosewicz, project director of Pew's State Fiscal Health, writes. "But total revenue in 10 states fell short, jeopardizing their long-term fiscal flexibility and pushing off to future taxpayers some past costs for operating government and providing services."
URL to article:
https://freebeacon.com/issues/report-since-recession-10-states-including-illinois-operate-structural-deficits/
