Illinois State Official: "We Are In Massive Crisis Mode, This Is Not A False Alarm"
In a last ditch attempt to resolve the ongoing budget impasse and prevent a potential crisis, which may culminate with an eventual default by the distressed state, yesterday the WSJ reported that Illinois Gov. Rauner ordered lawmakers to return for a special session this week, but the two sides still seem far apart. Republican Gov. Bruce Rauner ordered the special session starting Monday, as the backlog of unpaid bills reaches $15.1 billion.
"Everyone needs to get serious and get to work," he said in a video announcing the session that his office posted on Facebook.
As reported previously, the state Transportation Department said it would stop roadwork by July 1 if Illinois entered its third consecutive fiscal year without a budget - the longest such stretch of any US state - while the Powerball lottery said it may be forced to dump Illinois over its lack of budget. For now, state workers have continued to receive pay because of court orders...
Read more at http://www.zerohedge.com/news/2017-06-17/illinois-state-official-we-are-massive-crisis-mode-not-false-alarm.
