The State Budget Crisis Task Force has finally released its report detailing the financial problems faced byIllinois.  In part, the report states that elected officials focused more on “short-term goals over long-term growth and stability.”  This focus has created substantial financial hardships for the state.

Illinoishas one of the worst credit ratings and faces a budget deficit that numbers in the millions.  The task force is recommending reforms to the tax system in addition to overhauling the pension system.  For more details you can read, “Illinois Growth Threatened by Finances, Report Says.”