Illinois Budget at Impasse May 17, 2010 Joseph Bishop-Henchman Joseph Bishop-Henchman 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. More on Illinois here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Illinois Tags State Tax and Spending Policy