Illinois finally releases its audited financial report

April 12, 2016

The Illinois audited financial report was finally released last week. 

One of many interesting bits of information is that the state reported $3.5 billion deficit for the primary government. The "true" deficit is probably even higher.

The good news is the state reported a $461 million surplus for the "component units."

I am still dumbfounded how the governors and legislators have claimed "balanced budgets" when the audited financial reports show a totally different story.

I will continue to look through the document to see what else is "interesting."

You find the full report here

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