Thursday, July 2, 2009

Budget Cut

Almost no one wants to see budget cuts to Illinois social services or the university, especially the university as it's the economic engine for the region. However, with the legislature unable to pass a budget with a tax increase and the governor unwilling to sign one without it, our region is looking to take a major economic hit. Even attempting to borrow money from the state pension funds, the underfunding of which is a major reason we're in this economic mess, didn't work.

Update: You can listen to WSIU's discussion of the fiscal mess here.

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