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Grim fiscal forecast awaits Illinois' new governor

November 16, 2018 9:53 PM
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CHICAGO (Reuters) - Illinois’ new governor faces a budget deficit that could triple in size, as well as a backlog of unpaid bills that could surpass the state’s record high, according to a new five-year fiscal forecast from outgoing Governor Bruce Rauner.

The Republican governor lost his bid for a second term in office to Democrat J.B. Pritzker in the Nov. 6 general election in what was the most expensive governor’s race in U.S. history.

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