Gov. J.B. Pritzker delivers his first budget proposal Wednesday to a state that may be unprepared for what the new governor will have to say.
For the past two years, a state budget has been in place, which has muted the incessant drumbeat of news stories about businesses, organizations and government institutions facing imminent financial crises because of the state’s failure to put in place a spending plan.
The state’s financial problems have eased to a degree, but remain a serious problem for state government and people who rely on its services.
“More than 10 years after the end of the Great Recession, the state of Illinois’ fiscal condition remains precarious,” said the Civic Federation in a report last week. “A chronic mismatch between revenues and expenditures persist despite a recent increase in income tax rates. The mountain of unpaid bills continues to grow even after the state borrowed billions of dollars to shrink the backlog.”