5 billion dollars. That's how much in unpaid bills the state of Illinois has piled up, and it's still going up. On Wednesday Governor Quinn will deliver his state of the state address and his solution to a budget crisis that is the worst in Illinois history.
The choices are not vast. Taxes could go up, but it doesn't seem likey since this is an election year. Borrowing money has become a favorite option, and the state could go scrambling for more loans, but eventually I'm told this will erode the state's bond rating and anymore loans. Cuts seem very likely, but how much can be cut in a state that has already seen deep cuts on many levels from workers to agencies?
It will be a tough day all around in Springfield and across Illinois.