From a Mark Kirk campaign press release:Northbrook, IL - Yesterday, the National Conference of State Legislatures released a new study showing Illinois' financial situation as the worst of any state in the country.Technorati tags:
As Chicago Public Radio reported:"Illinois is one of only two states projecting a deficit for the end of the current fiscal year, as well.“State Treasurer Alexi Giannoulias issued little warning that this would happen to Illinois,” Kirk spokesperson Kirsten Kukowski said. “Rather than criticize the leaders of our state who are leading it to financial infamy, he has used little of his office's voice or authority to describe our state's deteriorating fiscal position. Treasurer Giannoulias lost $73 million in Bright Start college savings and watched our state's financial situation become the worst in the nation. Now Treasurer Giannoulias wants to raise state income taxes to fix the mess he and top Illinois leaders created. It's time to change direction and elect fiscal conservatives who will cut spending and turn our economy around.”
"Despite a gaping budget shortfall, Illinois is planning to boost its spending this year by 15.1 percent, according to the study…
"…Illinois is also predicting a 17.9 percent uptick in revenue collection for fiscal year 2011, which Merriman says is simply wishful thinking. The study calls the state's budget situation 'tenuous at best.'"
Despite recent misleading statements from his campaign, Alexi Giannoulias was caught on video earlier this year calling for a state income tax increase.
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