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For the umpteenth year and counting, Democrats in the General Assembly last week approved a sham of a budget that relies on many of the same gimmicks that have all but bankrupted Illinois.
The 12-month spending document, passed with no Republican support, doesn’t reduce the state’s record spending. It further relies on delaying paying the state’s bills. It borrows money from special funds to pay for operational expenses. And it counts on inflated future revenue projections that may never materialize.
The budget also doesn’t account for the declining revenue from the scheduled Jan. 1 rollback of the 67 percent “temporary” tax hike passed by Democratic lawmakers in January 2011. Read the entire editorial by The Northwest Herald Editorial Board.