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Federal Recovery Funds and the State Budget: Implications for Women and Girls in Illinois — joint project with the Chicago Foundation for Women

In mid-March, when Governor Quinn presented a state budget for the coming fiscal year (FY 2010), Illinois was facing a General Funds deficit of more than $4 billion for the current fiscal year (FY 2009). This huge budget gap primarily reflected declining state revenue caused by the recession. Dismal revenue trends suggested a cumulative deficit of nearly $12 billion for FY 2009 and FY 2010 combined. The Governor’s plan for reducing the deficit included fiscal relief from the federal government, new revenue from state income taxes and other sources, restructuring of state-funded pension systems, and other spending cuts. Download and read report

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