Posted on 06/28/2017 7:41:14 AM PDT by Leaning Right
The Illinois Lottery announced Powerball and Mega Millions tickets won't be sold in the state after this week due to the state budget crisis.
Powerball sales end tonight while Mega Millions will follow on Friday.
*snip*
While the Illinois lottery will continue to hold drawings, anyone who wins more than $25,000 dollars will have their prize payments delayed.
(Excerpt) Read more at wgntv.com ...
They’ve obviously got this under control.
Carry on, Illinois.
Next month => State pensions
I fervently hope that Illinois goes bust, because it will show us here in CA “the way” to force California into the same bankrupt status. Bankruptcy is the only way we are going to get the RATs out of our state governments.
The Illinois Lottery transferred $691.6 million to the Common School Fund during fiscal year 2016.
Without the “Lottery” tax, the entire house of cards falls apart. That’s why Madigan is finally scrambling to cobble up a budget.
State of Illinois moving to junk rating status. Tax revenues down by almost $1 billion as companies and individuals flee the state. They have $15 billion in unpaid bills and pension liabilities that are unfunded of near $200 billion.
Delayed? Delayed until when? There's nothing to suggest that Illinois' financial situation is going to get better anytime soon, to the contrary it's getting worse. So assume the delay will be indefinite. And if you sue to try and collect there are a whole lot of other creditors in line in front of you.
[I fervently hope that Illinois goes bust]
Something has to give. I pray we Illinois property owners won’t be forced to pay the bill.
I can’t wait for the day the govt pension checks stop! Welcome to the real world, govt employees.
I imagine that they’re still funding “gay pride” parades and celebrations, though.
THe democRATS will never give up power. They will only be dragged from their perches by the barrel of a gun.
If Illinois goes bankrupt, who is going to pay? THe rest of us, and the corrupt democRATS who ran it into the ground will continue as before.
IOU’s everywhere!
They’re so broke they can’t even tax the poor anymore
government at it’s finest. All they had to do was sell tickets, collect money, take out 50% of it and hand the rest over to the winner.
South Side Chicago carry-outs hardest hit.
Because, y’know, people below the poverty line have no discretionary cash to spend.
Which is the bigger gamble, buying a ticket and knowing you lost five minutes later, or choosing to dedicate a thirty year career on the promise that thirty years later they will pay you?
Only in Illinois can lottery prizes + expenses < proceeds?
The government doesn’t tax us so it can do things.
The government “does things” for an excuse to tax us.
Illinois is just one of several “Canaries” in the proverbial coalmine kept operating under the guidance of all knowing and wise socialist, in a race who will hit bottom first.
Judges have ruled that the state MUST pay FULL pensions.
I’m in the same boat. My worry is that property taxes are the last large pool they will draw from. The only way out is to look for an escape hatch from the state.
LOL...maybe the state of IL will hold the winning ticket, from tonight’s Powerball.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.