The budget was not balanced, and Illinois has not balanced a budget for nearly two decades. Pretending Illinois had no issues before COVID-19 won’t help it recover.

Illinois’ taxes and fees on gasoline keep the pump price high, even when oil producers are paying for someone to take excess crude. The state gas tax is set to rise again in July.

Two decades of fiscal mismanagement have left state finances ill-prepared for the COVID-19 pandemic. Congress should condition any additional aid for troubled states on taxpayer protections that ensure pensions are solvent, accounting is realistic and budgets are balanced.

As Illinois teeters on the edge of a junk credit rating, one key policymaker is floating bankruptcy as a solution.

Struggling businesses, individuals and families need relief while the economy is shut down. Despite Illinois’ financial woes, leaders can help the recovery by lifting government-imposed financial burdens.