Illinois’ unpaid bills higher today than when lawmakers passed the 2011 tax hike

By Benjamin VanMetre
The Illinois General Assembly passed a record income tax increase on individuals and businesses in 2011. And Gov. Pat Quinn promised that it specifically was “designed to pay our bills.” By the end of the current fiscal year, lawmakers will have collected a total of $25.7 billion in new revenue from the 2011 tax hike....

TAGS: debt, Illinois General Assembly, interest, unpaid bills