Thursday, January 20, 2011

Illinois Unpaid Bills Will Soon Double Despite Tax Increase

Illinois Statehouse News reports:
The state’s stack of unpaid bills will soon double despite an income tax increase, according to state Comptroller Judy Baar Topinka.

The four year, temporary personal income tax hike of 67 percent was approved on the final day of the previous Legislature and recently signed by Gov. Pat Quinn. In part, the income tax hike is designed to help Illinois catch up on past-due bills and stop being delinquent on its payments.
Great moments in Blue America.