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.

More on Illinois here.


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