Proceeds will be used to pay down the state’s bill backlog and allow the state to lower its 12-percent interest rate, which costs $2 million per day.
If Illinois is going to borrow big, it had better pay back big for taxpayers.
What I fear is the tidal wave of damage the GOP has planned for our social safety net. Their current target is health care.
This state sometimes resembles a madhouse and the inmates are definitely running the asylum.
DOUBEK: We have a whole lot more work to do to begin rebuilding our state.
An estimated $4.3 billion in revenue expected from the income tax hike isn’t going to help the state immediately
Even now, as we write this, we can’t feel entirely sure this stupidity is behind us.
On Sunday, we saw political courage. If more courage follows on Tuesday, Illinois might finally pull out of its free fall.
KADNER: A long-forgotten bit of history may well be a key reason Illinois is in such sorry financial shape it is today.
MARK BROWN: Lawmakers stared into the abyss, then ended up clasping hands in a surprise display of unity — and asked ratings agencies for a timeout.
EDITORIAL: Madigan won’t take a stand on the hard stuff of raising taxes, though all sides know higher taxes are necessary.
As of Wednesday, Illinois will have gone 722 days without a budget. And the news grows worse by the day. Nobody cares how. Pass a budget.
The governor’s leadership skills now are on the line.
Key Illinois House and Senate Republicans — with the approval of Gov. Bruce Rauner — on Wednesday said they’re filing a “compromise” budget plan.
It’s clear that funding for Chicago Public Schools may again become a major point of contention as the clock ticks.