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May 31, 2017
Illinois is far from the first state to find that its budget doesn’t quite balance - that it’s paying out more money in services than it’s taking in, or that pension or education payments are ballooning.
Two states in particular—Kansas and Minnesota—have taken definitive steps to address their budget shortfalls. One state cut taxes, the other raised them. Their approaches fall on opposite sides of the ideological spectrum, and the result of their efforts is also drastically different.
As the Illinois budget stalemate drags on, what can we learn from the examples of Kansas and Minnesota?
Source: Chicago Magazine