News

Quinn Says the State’s Financial Condition Isn’t That Bad

Quinn Says the State’s Financial Condition Isn’t That Bad

Gov. Pat Quinn claims the state’s financial condition isn’t as bleak as the latest annual report would have you believe.

That report says the total value of the state’s assets, minus liabilities, is negative $45 billion. Quinn doesn’t think that means the state is in its worst-ever financial shape.

“Well, I don’t agree with that,” Quinn said. “You know, I took office at a very difficult time. Our state was obviously hard hit by the recession, and it was also hard hit by the fact there had been decades of neglect when it came to the budget.”

Quinn claims the state’s financial situation has improved since he became governor in 2009, and will be aided by the pension reform law as long as it’s upheld as constitutional.

 

 

 

 

Recent Headlines

in Local

Chicago Lawyer Named to Monitor IDOT Hiring

Noelle Brennan

Noelle Brennan appointed to monitor hiring practices at IDOT.

in Local

Illinois Quarantine for Those Who Touched Ebola Patients

Quarantine

IDPH calls for 21 day quarantine for those exposed to Ebola virus.

in Local

Illinois GOP Unhappy About Counting of Absentee Ballots

voter

State GOP alleges law is not being followed in counting of absentee ballots.

in Local

Jacksonville Police Have “Person of Interest” in Shooting, No One in Custody

gun

Jacksonville Police say they have someone they want to interview in a shooting death from Friday morning.

in Local

Next Generation of Business Leaders Learn From an Internet Pro

computer

Dozens of area high school students spent their morning with a top executive in the social media world