Comptroller Topinka: State ‘Long Way’ from cleaning-up mess

                            

Comptroller highlights $43.8 billion deficit

 

SPRINGFIELD, IL – Illinois Comptroller Judy Baar Topinka on Thursday released the following statement regarding her office’s State of Illinois Comprehensive Annual Financial Report. The report details the financial condition of the State at the end of the last fiscal year on June 30, 2011:

“Our latest financial report shows that Illinois’ deficit has doubled in the last five years to more than $43 billion. It provides yet another cautionary note that we need to rein in spending and address the growing costs that are devouring the state budget. Positive steps were taken this year toward getting our financial house in order, but we clearly still have a long way to go to fully clean up this colossal mess.”