In the update to this post I considered a few issues about Illinois state government revenues. Now let’s look at the expense side of the ledger.
In 2007 Illinois’s total spending was $45 billion. In 2009 although revenues had dropped significantly expenses had risen to $52.5 billion. And in 2010, as revenues still fall, expenses are expected to climb farther to $56.6 billion. An enormous proportion of that, roughly a quarter, and much of the growth is in healthcare expenses.
