Some experts are disputing the state’s view of Illinois’ financial picture. The latest Comprehensive Annual Financial Report shows Illinois’ deficit was cut in half in the 2018 fiscal year. The Comptroller’s Office says Illinois is in a better financial position than one year ago. Some financial experts point to the deficit refinancing used as borrowing the state’s way out of debt. The Illinois Policy Institute says the state is still recovering from the 2008 financial recession.
