Illinois Budget: What It Does And Doesn't Do (Surprise Giveaway To Muni Bondholders?)

Authored by Mike Shedlock via MishTalk.com,
Illinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do.
Here are some links mentioned by The Stump and a few additional links and comments by me.
The Budget Fixes Nothing
Mark Glennon at Wirepoints comments on the Many Ways Illinoisans Won’t Pay Higher Taxes