Lawmakers adjourned their annual fall veto session in early December without taking action on the state’s looming budget crisis as they await the inauguration of Republican Governor-elect Bruce Rauner on January 12th. The state’s temporary five percent income tax rate will expire on schedule on December 31st leaving a two-billion dollar hole in the current fiscal year budget ending June 30th. The budget gap grows to more than four billion dollars in the Fiscal Year 2016 budget beginning July one, resulting deep cuts to all areas of state government including education, health and human services, and public safety if nothing is done.
On this edition of Illinois Lawmakers, Capitolfax.com publisher Rich Miller discusses the incoming Rauner administration’s transition plans with host Jak Tichenor. Next, Representatives David Leitch (R) Peoria and Will Davis (D) Homewood debate a variety of issues before the legislature in the veto session including raising the minimum wage and education funding reform with. Later, Tichenor talks with Senators Don Harmon (D) Oak Park and Bill Brady (R) Bloomington about how the General Assembly plans to work with state’s first Republican Governor in twelve years to get the state back on a firm financial foundation.