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Topinka: Fiscal Cliff Would Be Disastrous For Illinois

Posted 2012-12-29 06:51:00 by WMAY News


If the federal government goes over the fiscal cliff this week, it could take the state of Illinois with it. 

 

Comptroller Judy Baar Topinka is warning of dire consequences if the feds don’t reach a deal on spending and taxes. 

 

Topinka says the state budget could take a billion-dollar hit… and says increased payroll taxes could cost Illinoisans $6 billion in take-home pay.
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