CHICAGO — Illinois Gov. Pat Quinn warned the state faces its worst “financial calamity” ever and said he would push for tax code reforms that raise revenue in a “fair way” in his state of the state address yesterday.
Quinn defended his management of the finances he inherited early last year after lawmakers ousted former Gov. Rod Blagojevich following his arrest on corruption charges. Facing a $12 billion deficit, Quinn said borrowing and other one-time measures that helped balance the state’s $54 billion fiscal 2010 budget provided the best means to maintain human services spending.