Monday, May 22, 2017

State Budget Update

The Grand Bargain is at a stand still in Springfield.  Illinois' budget is made up of an outline for spending $36.5 billion; legislation with legal language to implement it; and the key component, an income tax increase and expansion of the state sales tax. When Senate Democrats put it up for a vote on Wednesday, it was approved 31-21 — with no Republican votes. And Democratic votes fell off when implementation language went up, falling short by three votes, 27-24. That dissuaded Democrats from making a run at the tax increase.Only a few days remain in this session to get a budget passed. Illinois has gone two years without one.

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