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

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

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

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