Poor Economy Continues to Hit Illinois State Budget

CPR:

The sagging U.S. economy continues to take its toll on Illinois' budget. The state projects an $800-million shortfall this year due to lower-than-expected tax revenue.

The deficit projection is based on data from the first four months of the state's fiscal year. Mike Klemens is a spokesperson for the Illinois Department of Revenue. He says the projected $800-million shortfall assumes the economy will stay at the current level.

KLEMENS: If the economy gets worse, it's going to be a bigger number. It's going to easily go over a-billion dollars.