MILLER: Illinois spending exceeding flat revenues
More than a year ago, the Governor’s Office of Management and Budget was projecting a $3.2 billion deficit for what is now the current fiscal year. Part of the problem was that existing revenues were flat while spending was growing, according to the budget office. This is a recurring problem in Illinois. The previous fiscal year’s projections were also astonishingly poor. The Chicago-based Civic Federation issued a report last week that delves a bit deeper into why it is a recurring problem. […]