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New Budget Deficit Projections Out

Illinois budget deficit figures get more and more dire. The latest fiscal forecast provided to the General Assembly shows the deficit will hit 6.2 billion dollars when the fiscal year ends at month’s end. The bipartisan Commission on Government Forecasting and Accountability released the discouraging numbers. Last summer, the state ended the fiscal year with a deficit of 3.8 billion dollars. Without a budget over the next twelve months, commission members say the deficit will approach 8 billion dollars.

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