Pension costs for state government workers reached an all-time high in 2016, consuming 25 percent of the state’s general budget.1 Today, more than $8 billion of the state’s yearly $32 billion budget goes to pay for pension costs, sapping tremendous amounts of money from social services for the developmentally disabled, grants for low-income college students, and aid to home...View Report
Though spending on government-worker salaries and pensions has grown at a rapid rate, many service providers and grant recipients are still awaiting payment.
Fiscal mismanagement by Illinois politicians has resulted in mounting deficits that are hurting the state’s economy, leading to ever-higher taxes, and driving people and their income out of the state.
Illinois’ unpaid bills could reach new highs by summer 2017.
The Illinois comptroller warns Illinois' backlog of unpaid bills will reach $10 billion by December.
Without fundamental reforms, the tax hike state Democrats want to impose will only drive Illinois further into decline.
The 2011 income-tax hike was supposed to address the state’s unpaid bills and ailing government-worker pensions; but five years and $31 billion in additional revenues later, Illinois’ unpaid bills are back up to 2011 levels, and the state’s government-worker pension debt has soared to $111 billion.
The state of Illinois has paid $611 million in late fees to vendors. Political insiders who have donated to some of the state’s most powerful elected officials are reaping the benefits.
All Illinoisans are equal, but some Illinoisans are more equal than others.
IOUs continue to flow from a broken state government.
At the end of the year, Illinois’ unpaid bills reached 2014 highs.