Comptroller says state's net deficit up to $126.7 billion

March 20, 2017

Includes "The state's finances are getting worse and taxpayers are on the hook for a lot of government debt. That's the takeaway from government spending watchdog Truth In Accounting after reviewing the state's latest Comprehensive Annual Financial Report. ... Truth In Accounting Founder Sheila Weinberg said forget about the numbers lawmakers use when they discuss the budget-it's the CAFR that tells the true story. "You've heard that infamous keeping two sets of books-that's what they do," Weinberg said. ... Weinberg said both sides have not been using the term 'truly balanced budget' completely accurately. ..."

Read the full article on: The Independent Newspapers (Illinois)

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