Paying increased costs for employee pensions, health care for the poor and debt service will eat up virtually all new money the state can expect to bring in over the next three years, Comptroller Dan Hynes said Monday.
The state faces "a serious crisis" by 2010 unless lawmakers take a long-term view of state finances, Hynes told a business group in Chicago. But a spokeswoman for Democratic Gov. Rod Blagojevich said the administration was well aware of the problems when it came into office and has continued to alleviate them
Hynes, a Democrat, said the state will have to pay about $1 billion more each year to keep up with growth in the built-in budget obligations. That's just about the amount of new money--through increased tax revenue, for example--the state has gained annually for the past 10 years, he said.
Wants to give Obama (who beat him in the Dem Senate primary) a friendly push out of the state....
And can't let Lisa have all the limelight.
But maybe he is just disgusted with our governor.
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