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Intuitive Surgical, Inc. Message Board

  • ilap2004 ilap2004 Jul 15, 2011 11:01 PM Flag

    Meanwhile in Illinois

     

    A 67 percent increase in the personal income tax rate and 46 percent hike in the corporate tax rate enacted by the state in January has been absorbed by Medicaid and public pensions and were not helping to pay bills, according to Illinois Comptroller Judy Baar Topinka.

    In his budget veto messages, Governor Quinn said he will continue to work with legislative leaders on paying the state's overdue bills.

    Illinois' widening structural deficit, huge unfunded pension liability, inability to pay its bills on time, cascading bond ratings and propensity to borrow its way out of financial problems have made the state a major worry in the $2.9 trillion U.S. municipal bond market.

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