Illinois’ Comptroller stopped in Rockford Wednesday to warn of the dire consequences from the cat fighting in Springfield over the budget.
The state has been without a budget for eight months and during that time, the deficit has continued to climb. Comptroller Leslie Munger told Stateline residents the state has spent $1.2 billion more this year, while also bringing in $5 billion less.
Munger says there are solutions, but both sides have to play nice. “We are in this situation today because of decades, and really decades of terrible financial decisions” says Munger. “There is a lot of blame to go around. It cuts across both parties. It’s very frustrating to watch what’s going on.”
State leaders say they won’t file for bankruptcy. But, municipalities can file. Still, Munger expects many cities to be in better financial shape than the state.