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How much money does IL have? We don't know

Jul 22, 2013

How much of our money does Illinois have? Is it spending too much?

We still don’t know, yet.

Here we are, nearly a year after Illinois’ last fiscal year ended in June 2012, and the state still hasn’t filed its annual financial report for that year.  Forty seven of the 50 states have reported fiscal 2012 results, but not Illinois.

Like 49 of the 50 states, Illinois has a “balanced budget requirement.”  The requirements are stricter in some states than others.  Illinois has one of the looser requirements, particularly when you compare Illinois’ record since 2005 to its neighbors.

Illinois spent more money…

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