State Government

Auditor: Total Illinois deficit over $43 billion

SPRINGFIELD – The Illinois budget news just keeps getting worse. The auditor general says the overall state budget deficit passed the $43 billion mark last year.

Five years earlier, the deficit was less than $19 billion.

The report Thursday from Auditor General William Holland looks at all state government assets and liabilities. It's a broader picture than the annual budget. The report is also a year out of date.

The report shows some improvement in the state's main account. The deficit in the General Revenue Fund shrank to $8.1 billion, a drop of $700 million.

Holland said the state's overall deficit of $43.8 billion was easily the worst in the nation.

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.