Council unanimously approved Mayor Aftab Pureval's plan to use excess revenue at the end of each fiscal year for the city's Affordable Housing Trust Fund. Officials estimate it will add about $1 million annually for the next couple of years.
hello to you first of all. hello. heather: how will illinois get in such a hole in the first place. first is unchecked spending. the last four years saw republican governor he was wildly criticized for being dominated by the democratic majorities. democrats increased their veto proof majorities in both houses. so, illinois is now firmly in the hands of the democratic party and so are all the problems in illinois. the budget here hasn t been balanced since 2000. illinois has a back-breaking unfunded pension obligation currently $133.5 billion it should grow roughly $3 billion a year. it consumes more than 25% of the state budget. illinois has a credit rating just above junk bond status, the worst of any state in the nation. fitz rating says it all boils down to a alaska coherent fiscal policy making over many years.