Illinois’ financial woes made national news this week when a respected think tank named it one of the top 10 states in financial crisis, according to Senator Tim Bivins.

In other news, Governor Pat Quinn announced a plan to bail out the Regional Transit Authority that would rely on additional borrowing and general revenue funding, while state universities continue to report economic troubles as a result of delayed state reimbursements.

A report issued by the highly respected Pew Center on the States placed Illinois’ budget among the 10 worst in the nation, because of the substantial difference between the amount of revenue Illinois takes in, and the amount the state spends. Illinois’ 47.3 percent gap between revenues and spending was second only to California.

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