Gov. Pat Quinn signed a new state budget for FY2011 on July 1, 2010. The state is second only to California's budget woes in terms of budget woes and is currently facing a $12.8 billion budget shortfall for FY 2010 and 2011, according to a January 2010 study by the Civic Federation. The budget as passed does not come close to erasing the state’s $13 billion deficit, the largest in history.[5]
Sunshine Review
tracks the bankruptcies for us. They say:
As of 2009, total state debt averages almost $17,000 for each of the 107 million private sector workers in the United States.[3] .
That's about what the state tax collectors are after me for.
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