Lawmakers Miss State Budget Deadline For Third Consecutive Year

Kristen Gonzales
July 2, 2017

With Madigan stating that lawmakers will continue working tomorrow, IL will miss its midnight deadline.

Lawmakers in Springfield have blown the deadline for okaying a state budget for a record three-years in a row.

Illinois House Speaker Mike Madigan has for the first time officially presented a fiscal year 2018 budget plan, which spends $36.5 billion.

IL is less than 24 hours from beginning a third straight year without a budget.

They go far beyond becoming the first USA state to be have its credit rating dip below investment grade.

It's been two years since the state has had a fully balanced annual budget. We are going to need everyone -downstate, upstate, Chicago, Cairo - to implore their representatives to support step two in this balanced budget.

IL is asking for more time before it's branded a junk state.

Madigan's statement included letters he sent Friday to Fitch Ratings, Standard & Poor's and Moody's Investors Service. It would be the first time any state has had its bond rating lowered to "junk' status". The House action is seen as pivotal, given that the Senate in May-with only Democratic votes-already approved a budget and accompanying revenue package, and given the intense animus between Madigan and Gov. Bruce Rauner. But Illinois' stalemate has been unprecedented since it reached a full year.

The proposal would be fueled by a $5 billion income tax increase and $2.4 billion in spending reductions, according to Democrats who control the Legislature. It's still unclear when the House might vote on a statewide 33 percent income tax hike. Still up for debate is whether it would take effect starting in July, or whether it would be retroactive to January.

Senate Democrats have proposed $5.4 billion in tax hikes, including a 32 percent income tax increase that would be retroactive to January 1.

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The work of the governor and General Assembly of IL is clearly not done.

The Chicago Democrat wants Rauner to sign an education funding overall, OK insurance-rate regulation in workers' compensation and more.

"The point of today's vote was to show that Republicans are open, we're flexible and that there needs to be continuing negotiations to resolve the off-budget matters that we are insisting in the budget", Durkin said. Let's continue our work today because I'm telling you.

Andersson, whose district includes a sliver of McHenry County, was the only local house lawmaker who voted yes on the 90-25 test bill.

Rep. David McSweeny, R-Barrington Hills, echoed Ives sentiments.

The House spending plan being debated on the floor right now does not address the $15 billion in unpaid bills, Harris said.

"It's pretty clear to me that the governor and a large portion of Republicans have capitulated to the speaker".

McSweeney, as he has since the budget impasse started, reiterated that he is a "hell no" on any tax increase. "Some of these things are really regional", Hutchinson said.

Democrats in the Illinois House say they'll try to pass a state budget Friday.

Other reports by TheSundaySentinel

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