The Civic Federation is criticizing Gov. Pat Quinn’s proposed 2012 budget after analyzing the spending plan. Civic Federation President Laurence Msall and AFSCME’s Executive Director Henry Bayer join us on Chicago Tonight at 7:00 pm to discuss this topic.
According to Msall, Quinn’s budget overestimates revenues by $976 million because it doesn’t set aside enough money for income tax refunds. That makes the total budget shortfall $2.4 billion; far more than the $1.45 billion caused by the governor’s added spending alone.
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation released a 95-page report on Monday with analysis and recommendations to counter Gov. Quinn’s 2012 budget. Read the full report here.
To read Gov. Quinn’s 2012 fiscal year budget plan, click on the links below: