A decision last week by the Illinois Labor Relations Board (ILRB) could open up a $400 million hole in Illinois’ fiscal 2019 budget, highlighting the implementation risks in a budget reliant on one-time items and policy measures with uncertain fiscal benefits, according to Fitch Ratings. While the state avoided immediate political stalemate, the on-time budget fails to make material progress in addressing the state’s sizable accounts payable backlog. Given the potential that budget performance will fall short of expectations, Fitch anticipates the governor and legislature may need to revisit the 2019 plan as soon as this fall.
via Capitol Fax Blog - Fitch: "The enacted budget entails significant implementation risk."
June 22, 2018 09:07 PM