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PrintFebruary 26, 2010
Graph of the Day for February 26, 2010
"Obama occasionally supported higher taxes, joining other Democrats in pushing to raise more than 300 taxes and fees on businesses in 2004 to help solve a budget deficit." CBS News on Barack Obama's record as Illinois State Senator.
"An ad campaign launched this week begging Illinois lawmakers not to cut home care and child care services funding ‘to the bone' in FY10 budget... SEIU Healthcare Illinois is part of a broader coalition, Campaign for Illinois' Future, that supports an income tax increase to help fill the estimated $12.4 billion budget gap, rather than cutting vital programs and services." SEIU.org, April 2009.
Source: Institute for Illinois' Fiscal Sustainability, at the Civic Federation.
Hoven's Index for February 26, 2010
The Illinois state budget:
Expected deficit for fiscal year starting July 2010: $12.8 billion
State's outstanding long term debt: $25.4 billion
Growth of that debt since 2001: 200.9%
Unfunded liabilities of the state's retirement systems: $52.4 billion
Inflation-adjusted General Funds revenue decline from 2001 to 2009: 5.1%
Source: Institute for Illinois' Fiscal Sustainability, at the Civic Federation.
Graph of the Day Archive.
