Print Friendly, PDF & Email

The budget process has been deeply flawed in Illinois for years, and one thing that doesn’t help this year is that the budget proposal deadline is once again arriving without a CAFR, an audited annual financial report, for the immediately preceding fiscal year.

Illinois is once again flying while blind. The latest year for which state leaders have an audited set of financials on which to plan upon ended June 30, 2015 – a year that ended 595 days ago. And it’s the Comptroller’s job to present a CAFR.

Read Article