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Auditor: Total Illinois deficit over $43 billion

The Illinois budget news just keeps getting worse. State Auditor General William Holland said Thursday the overall state budget deficit passed the $43 billion mark last year, making it easily the worst in the nation.

Five years earlier, the deficit was under $19 billion.

The report Thursday from Holland looks at all state government assets and liabilities. It’s a broader picture than the annual budget. The report is also a year out of date.

The report shows some improvement in the state’s main account. The deficit in the state’s General Revenue Fund shrank to $8.1 billion, a drop of $700 million.

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