In Twilight of GOP Control, Illinois Dwells on Its Deficit

Shields, Yvette
November 2002
Bond Buyer;11/20/2002, Vol. 342 Issue 31517, p34
Trade Publication
Reports on the influence of the way Democratic Governor Rod Blagojevich will handle a multi-billion dollar budget deficit on the proceedings of Illinois's General Assembly that opened for a veto session as of November 19, 2002. Outgoing Governor George Ryan's efforts to leave a balanced budget for the Blagojevich administration; Projected budget deficit for the first quarter of fiscal year 2003.


Related Articles

  • Illinois' New Governor Facing Major Deficit for 2004. Shields, Yvette // Bond Buyer;1/14/2003, Vol. 343 Issue 31552, p3 

    Reports that Democrat Rod Blagojevich, who was sworn in as the governor of Illinois on January 13, 2003, will have to address a multibillion dollar deficit faced by the state in its fiscal 2004 budget. Governor's concern regarding balancing the budget; Candidates who are being considered for...

  • State still strapped. Hinz, Greg // Crain's Chicago Business;1/5/2004, Vol. 27 Issue 1, p1 

    It will be a tough year for Illinois taxpayers as state financial officials struggle to fill a substantial-to-huge hole in the proposed $53-billion fiscal 2005 budget that Governor Rod Blagojevich will unveil in the month of February, 2004. Though some progress has been made since the state...

  • Chicago's Budget-Balancing Act Calls for Cutting 1,000 Jobs. Reid, Karla Scoon // Education Week;2/25/2004, Vol. 23 Issue 24, p4 

    Chicago, Illinois school district officials are planning to slash 1,000 school-based jobs to make up part of a $200 million budget deficit, as of February 25, 2004. Illinois Governor Rod Blagojevich announced a proposed $400 million increase in K-12 education spending during his budget address....

  • Illinois May Face $1.6B Gap in 2011. Shields, Yvette // Bond Buyer;3/20/2007, Vol. 359 Issue 32590, p1 

    The article reports on the budget deficit facing Illinois in 2011. It suggests that the state will face an annual $1.6 billion deficit by 2011 due to its mounting pension obligations. The article discusses the implications if lawmakers fail to adopt Governor Rod Blagojevich's plan to issue $16...

  • Guv's taking aim at biz tax breaks. Hinz, Greg // Crain's Chicago Business;2/10/2003, Vol. 26 Issue 6, p1 

    Focuses on the review of business tax breaks by Governor of Illinois Rod Blagojevich to reduce a five billion dollar budget deficit. Plans of Blagojevich to achieve the goal; Exclusions made from the review; Issues concerning the single-factor feature of the state's corporate income tax.

  • Governor's waiting game will prolong budget crisis. Crain, Rance; Reed, Robert; Blake, David; Crown, Judith // Crain's Chicago Business;3/31/2003, Vol. 26 Issue 13, p8 

    There is growing concern in Illinois regarding Governor Rod Blagojevich's intention to use an anticipated 1.9 billion-dollar in interest savings from the state's 10-billion-dollar pension financing proceeds to close a budget gap in his proposed 2004 budget. The budget is slated to be unveiled...

  • Illinois Budget Imbroglio: Blagojevich to Meet With Lawmakers. Shields, Yvette // Bond Buyer;6/3/2008, Vol. 364 Issue 32891, p1 

    The article reports on a meeting between Governor Rod Blagojevich and General Assembly leaders in Illinois in an effort to address a projected $2.1 billion deficit in the $59 billion fiscal 2009 operating budget. The session ended without approval of a massive $34 billion capital program pushed...

  • Illinois Governor Eyes Notes. Shields, Yvette // Bond Buyer;11/19/2008, Vol. 366 Issue 33007, p1 

    The article reports on the proposal of Illinois Governor Rod Blagojevich of a short-term borrowing to help cut lengthy payment delays. As the state faces $4 billion backlog of bills and $2 billion budget deficit, the governor called for additional departmental cuts, legislative authority to...

  • Illinois $10B Pension Bond Plan Passes Senate. Carvlin, Elizabeth // Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p1 

    The Illinois Senate has approved on April 4, 2003 Governor Rod Blagojevich's 10 billion dollar general obligation pension bond proposal. The vote was decided after Blagojevich explained the context of the plan within his budget proposal, which he will introduce during the second week of April....


Read the Article


Sign out of this library

Other Topics