Month: July 2017

“From Horrific To Catastrophic”: Court Ruling Sends Illinois Into Financial Abyss

โ€œFridayโ€™s ruling by the U.S. District Court takes the stateโ€™s finances from horrific to catastrophic,โ€ Comptroller Susana Mendoza, a Democrat, said in an emailed statement after the ruling. “Ppayments to the stateโ€™s pension funds; state payroll including legislator pay; General State Aid to schools and payments to local governments will likely have to be cut.โ€

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