Illinois Deficit At $45 Billion

By: AP
By: AP

SPRINGFIELD, Ill. (AP) -- An annual state report puts the Illinois deficit at nearly $45 billion.

Comptroller Judy Baar Topinka released the report Wednesday. She says the shortfall grew by less than 1 percent from the previous year. She says the growth in liabilities was mostly because of obligations to state pension systems and other post-employment benefits.

Topinka's office says the accounting method used in this report measures only what should have been set aside to keep pace with obligations -- not the total debt.

Lawmakers and Gov. Pat Quinn adopted a plan last fall to reduce that debt over 30 years, but it has been challenged in court.

The general spending account deficit fell 19 percent to $7.3 billion.


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