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Topinka: Illinois’ Unpaid Bill Crisis Just Keeps Getting Worse « CBS ChicagoTopinka says this is extremely disappointing, since a year ago, the state sharply increased income taxes (by 67 percent) and corporate taxes.“After the largest tax hike in our history, the state continues to be in this precarious fiscal position with persistent payment delays, and frankly, the situation is unlikely to significantly improve in the near term,” she said.Some state officials say the solution is more borrowing to pay the bills, but Topinka says the solution is to cut spending.
Huge tax hikes, no real cuts... and shock when the problems get worse. Hmmm... sound damned familiar doesn't it?