State's Finance into the Fiscal Year

By WEEK Reporter

July 16, 2012 Updated Jul 16, 2012 at 10:13 PM CDT

That's a billion dollars better than last year!
State Comptroller Judy Baar Topinka - in her quarterly report -- said Illinois' massive debt has remained about the same.
That's despite an additional two-point-three billion dollars in new income tax money coming to the state.
That increase was off-set by paying two billion dollars to the state's pension system - rather than use bonds.
Bottom line...there will continue to be long delays by the state in paying bills to medical providers and others.

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