Illinois Budget News: June 2

Star Chicago
economist Diane Swonk delivered a no-nonsense analysis on the nation's "slow and painful"
emergence from the Great Recession to the Executives' Club of Chicago yesterday.

Per today's
Sun-Times, Swonk predicted the possibility of "later retirements, higher taxes
and more sacrifices..."

Among her local concerns: Illinois' ability to compete with other
states and retain residents.

Bottom line: Swonk says to fasten your seatbelts:

"It will be a
very challenging next couple of decades."

Meanwhile, Gov. Quinn said yesterday he's ready to make "cuts across the board" to resolve Illinois' $13 billion budget shortfall - but refused to say where - except that he's hoping to avoid deep cuts to human services and education.

"I'm not going to let those school children down."

Too late? in its final part in a four-part series on education, the Peoria Journal-Star profiles a local school hit hard by the state's funding crisis.


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