Gov. Pat Quinn's three-year forecast for the state budget predicts more money woes as expenses are set to climb while revenues sputter. Quinn released his forecast on Tuesday, which laid out a situation showing a strong potential for additional government service cuts.
According to the governor's report, revenues will climb over the next two years, but will then fall sharply with the expiration of the state income tax increase. Meanwhile, overall state expenses, like the underfunded pension system, are expected to rise.
"Our revenue growth is not enough to keep up with pensions and Medicaid. It creates a squeeze for everything else," said Quinn's budget director, David Vaught, according to the Associated Press.
The forecast also shows the education budget remaining flat at $8.9 billion, while social services could see a five percent budget decrease and public safety could face an eight percent cut over the next few years.
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