Illinois Budget at Impasse
Illinois Governor Pat Quinn refuses to consider a proposal to cut state spending by 10%, and the Legislature refuses to consider Quinn’s plan to raise the state’s income tax from 3% to 4%. The result (from the State Journal-Register):
Lawmakers abruptly left Springfield Friday without approving a spending plan for the fiscal year that begins July 1. There is no schedule for them to return to finish, but unless the Democrat-controlled legislature passes a budget by May 31, they’ll need Republican votes to do so.
Three times last week, the House rejected plans to borrow money to make a required $3.8 billion payment to the pension systems next year. Quinn said that was a mistake.
“We have to borrow. I’ve said that from Day One,” he said.
Just kicking the can down the road.
Was this page helpful to you?
Thank you!
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?
Contribute to the Tax FoundationLet us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?
Give Us Feedback