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In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability announced its opposition to Governor Rauner’s recommended budget for FY2017 because it has an operating deficit of at least $3.5 billion and presents an insufficiently detailed plan for closing the gap. The Institute’s full 92-page report is available here.

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From the report: “The backlog of unpaid bills declined from $8.1 billion at the end of FY2012 to $5.2 billion at the
end of FY2015.”

The state collected around $30 billion in additional tax revenues from the tax hike alone, yet could only pay down $3 billion in unpaid bills?! What’s wrong with this picture?