No Budget Before Deadline

Brandon Parsons
July 2, 2017

Pritchard says the budget would cut state spending by two-billion dollars, but all areas of state government would be funded including kindergarten through 12th grade education, higher education and social services. "And how they got there is just really a sad state of affairs", McKinney said.

IL starts the new fiscal year today without a full budget for the third year in a row, but there was some optimism Friday that a spending agreement could be reached, possibly this weekend. "Let's keep up the good work to get the job done." said Speaker Michael Madigan after the house approved the amendment.

Note the use of the phrase "governor's budget crisis" without acknowledging his own role in the standoff, in which the House hasn't even voted on a budget bill since the beginning of the regular session in January.

IL is less than 24 hours from beginning a third straight year without a budget. The fiscal morass is the longest in any state since at least the Great Depression. Republicans have said they won't support the tax increases needed to balance the IL budget unless Democrats pass Rauner's agenda. I am hopeful that the governor will recognize these compromises.

No other state has come close to the mess that IL is in.

Madigan said leaders meetings will continue throughout the weekend and noted that negotiations continue to reach a consensus on the revenue bill.

After the vote was tallied, House Speaker Michael Madigan said IL won't meet the midnight deadline to pass a budget before the fiscal year ends.

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"I think this is a challenge for our business customers", Smith said.

"Eastern Illinois University and Lake Land College are vital to Coles County and to our Illinois community".

A $5 billion deficit violates the IL constitution's requirement for a balanced budget. The board is among 21 state election authorities the U.S. Homeland Security Department confirmed were targeted by Russian hackers during the 2016 election.

After a 90-25 test vote on the spending bill, House Speaker Michael Madigan said his legislative chamber will return to session on Saturday, and he sent letters to major bond-rating agencies imploring them not to downgrade the state's credit ratings to junk as budget talks continue.

Madigan spokesman Steve Brown said the Speaker knows that business is being harmed in the state, but it's Rauner's intransigence that is stopping any budget progress.

Other issues that may need to be decided and which could derail an agreement include Gov. Bruce Rauner's demands for workers' compensation and pension reforms, a temporary property tax freeze and two competing education funding plans.

Other reports by AllAboutTopnews

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