Study: Quinn budget plan shows deficit topping $9B
Illinois Gov. Pat Quinn makes notes on a briefing book during the Health and Human Services Committee meeting at the National Governors Association winter meeting in Washington, Sunday, Feb. 27, 2011. (AP Photo/Cliff Owen) By Cliff Owen
CHICAGO (AP) -- A new report from the Civic Federation says Gov. Pat Quinn's proposed budget artificially inflates how much money the state has to spend.
The report released Monday says Quinn did not account for $971 million the state should set aside to pay for income tax refunds.
Estimates in the report show a budget shortfall, unpaid bills and Medicaid and insurance obligations could push the state's budget deficit to $9.4 billion.
Civic Federation President Laurence Msall also says Quinn's plan to borrow money to pay bills will have an "enormous negative impact" on the state's finances and credit rating.
Messages left for a Quinn spokeswoman were not immediately returned Sunday evening, before the report was released.
The report says lawmakers must identify things in the budget to reduce or eliminate.
(Copyright 2011 by The Associated Press. All Rights Reserved.)