Crain's Chicago Business reports:
Illinois finances are literally "a mess" — long in developing, and destructive to the state's economy — and curing them almost certainly will cause severe pain both to taxpayers and those who rely on state services and pensions.
There's more:
That's the bottom line of a new report today from the nation's most seasoned financial veterans. Even by the standards of other recent reports, this one paints a bleak picture of Illinois' future unless state leaders act soon on items from pension reform to restructuring the state's tax system.
Check out the report by Paul Volker and others. Big, activist government just doesn't work for those who pay taxes.
Report on Illinois Finances
