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State of Illinois Budget An Uphill Battle
Uncontrolled Spending FY2003 spending has increased $4.3 billion or 19%!
Borrowing to Spend
Worst Funded Pension System in the Nation
Unpaid Bills
Exploding Medicaid Growth
Medicaid is the Largest Insurer in the State ,[object Object]
Covers 1 of every 5 Illinoisans
Covers 1 of every 2 births in Illinois
Covers 2 of every 3 nursing home residents in Illinois
Covers 1 of every 3 children in Illinois,[object Object]
Lagging Behind
Lagging Behind
Business Climate ,[object Object]
In this year’s ranking Chief Executive Magazine ranked Illinois as the biggest loser over the last 5 years, as we dropped from ranking 17th to 46th in the last five years.
Citizens of Chicago pay the highest sales tax (9.75%) of any city in the nation.
Forbes Magazine ranked Illinois #50 (worst in the nation) for debt burden.  According to Forbes, we have the worst debt problem of any state in the country.,[object Object]
Overall Economic Performance* *Historical measure based on a state’s performance in three important performance variables: Personal Income Per Capita Cumulative Growth, Absolute Domestic Migration and Non-Farm Payroll Employment Cumulative Growth -- all highly influenced by state policy. Source: 2009 ALEC-Laffer State Economic Competitiveness Index
Losing Jobs ,[object Object]
Only three states in the nation have performed more poorly than Illinois over that time period. (Michigan, Ohio & Rhode Island).
Illinois has LOST almost 250,000 jobs.

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