Outlining his plans to shore up Illinois’ finances, Comptroller Daniel Hynes last week formally launched his run for the Democratic nomination next February against incumbent Gov. Pat Quinn.

Hynes said he would target budget cuts to trim spending back to 2005 levels and endorsed an income tax increase on the state’s top earners to achieve long-term structural balance. He also proposed the issuance of two additional casino licenses to provide one-time funds to help shore up the fiscal 2011 budget. 

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