The Prairie State’s fiscal crisis worsens as Republican Governor Bruce Rauner and the Democratic majorities in the General Assembly remain deadlocked over a new spending plan for the state for the fiscal year that began on July first.
Republican Governor Bruce Rauner and the Democratic majorities in Springfield remained far apart over solving the state’s budget problems when the scheduled May 31st adjournment date passed without agreement.
The Illinois General Assembly may be in for a long, hot summer after the Democratic majorities in the House and Senate advance their own version of a $36.3-billion budget for FY 2016 after rejecting Governor Bruce Rauner’s Illinois Turnaround Agenda.
House Democrats are preparing to run their own budget proposal before May 31st while Governor Bruce Rauner is warning lawmakers can expect to be in Springfield for an extra long session if they don’t agree to his pro-business agenda before trying to raise taxes.
Last week’s Illinois Supreme Court decision striking down the state’s 2013 pension reform law has lawmakers and Governor Bruce Rauner scrambling to find ways to deal with the state’s $100-billion unfunded public pension liability