Report: State budget deficit $400M higher than previous estimates

SBG file photo

A new report put together by Governor JB Pritzker's administration takes aim at the financial toll they say former Governor Rauner's "ideological warfare" took on Illinois.

The report, “Digging Out: The Rauner Wreckage Report,” details the $3.2 billion budget gap for the upcoming fiscal year.

The report says the total is 16 percent more than the Rauner administration estimated in November.

Late payment interest penalties related to Rauner’s impasse have exceeded $1.25 billion, and interest on the refinancing of Rauner’s bill backlog will surpass $2 billion, according to the report.

“Illinois will need years to dig out of the fiscal mess this administration inherited, and the road to recovery will begin with Governor Pritzker,” said report author Deputy Governor Dan Hynes, who oversees budget and economic issues for the administration. “The Pritzker administration will be honest and transparent about the challenges we face and put forward long-term plans and investments that will get our state on firm financial footing. Despite these challenges, we will propose a balanced budget that invests in education and human services that were decimated under the previous administration.”

Read the full report below:

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