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Despite an infusion of new tax dollars and budget cuts, state government’s deficit will grow to $5 billion by next July because of added pension and debt costs, a government watchdog group warned in a report being released Monday.
The Civic Federation said the jump in this year’s net operating deficit from $4.6 billion last year demonstrates why Illinois lawmakers need to wring pension concessions from existing state workers, an untried, constitutionally questionable proposition that could be on the General Assembly’s fall agenda.
