Leslie Munger: Tax Hike Wouldn’t Make Dent In Problems [AUDIO]
Illinois Comptroller Leslie Munger joined the show this week to talk about how the state's lack of a budget is impacting her office. Just this past week, her office said that the state government's backlog of unpaid bills will hit $8.5 billion by the end of December, up from about $6 billion right now.
In this portion of the interview, Riley asks about the stalemate in Springfield on the budget. We discuss the fact Illinois residents are paying a higher tax rate than a few years ago -- 3.75% compared to 3% -- yet the state's finances are still a mess. In fact Munger says a return to the "temporary" tax rate of 5% wouldn't even make a real dent in the state's problems.
Here's part of our discussion: