Wednesday, February 14, 2018
Rauner Budget Facing Billion-Plus In New Spending Pressures
Illinois Governor Bruce Rauner is going to need to find a bit more than a billion-and-a-half new dollars to make ends meet in his new budget. The governor is set to deliver his budget address today at noon. In addition to the lingering eight-and-a-half-billion-dollars in unpaid bills, the governor is going to have to find 350-million for new school funding, 500-million more for pensions and over 750-million-dollars to make the debt payment on a series of old state loans for next year. No one is saying how the governor hopes to find the new money.