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budget

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Business & Lifestyle

After powder scare, Illinois overrides governor for first budget in 3 years

Doug G. Ware United Press International SPRINGFIELD, Ill. (UPI) -- The Illinois legislature on Thursday voted to override the governor and usher in a tax hike and balance the budget -- something the state hasn't been able to do in more than three years. A bipartisan Illinois House voted 72-41 to supersede Gov. Bruce Rauner, who had vetoed the measures -- fearing they would only lead to more tax increases in the near future. Thursday's vote marked the first time since 2014 that […]

todayJuly 6, 2017 1

Business & Lifestyle

Illinois remains on brink of becoming first state rated junk, but does pass a budget

SPRINGFIELD (Heartland Newsfeed/MarketWatch.com) -- Illinois, which currently has the lowest-rated bond rating of any U.S. state, took another step Tuesday to ward off a deepening budget crisis and an imminent risk of becoming the first state ever branded with a junk bond rating. The state entered an unprecedented third straight fiscal year without a budget on Saturday and the process has been crippled by the partisan impasse between Republican governor Bruce Rauner and Democrats who control the legislature. However, the Illinois […]

todayJuly 4, 2017 6

Business & Lifestyle

Skillicorn offers insight into budget plan at Crystal Lake town hall

Rep. Allen Skillicorn (R-East Dundee) will talk to constituents about his “Right Now” budget proposal and address concerns about the state’s budget impasse on June 26 at a town hall meeting, according to a press release. The hour-long meeting will start at 7 p.m. at Skillicorn's district office in Crystal Lake. Just before the end of the spring legislative session, Skillicorn filed a budget proposal that balanced the state’s revenue and spending without any tax increases, the press release said, adding […]

todayJune 18, 2017 3

Business & Lifestyle

Governor Rauner Calls Lawmakers Back to Springfield to Pass Compromise Balanced Budget Plan

SPRINGFIELD – One day after House and Senate Republicans unveiled a compromise balanced budget plan to end the budget impasse, Governor Bruce Rauner today called lawmakers back to Springfield for a 10-day special session from Wednesday, June 21st through the June 30th fiscal year deadline. “Republicans in the General Assembly have laid out a compromise budget plan that I can sign,” Governor Rauner said in a video announcing special session. “It provides a true path to property tax reduction and […]

todayJune 15, 2017 22

Business & Lifestyle

Madigan did disservice to all of Illinois by blocking budget, Jesiel says

House Speaker Michael Madigan rejected bipartisan efforts to reach a budget deal in the General Assembly by not even calling the bill for a vote, Rep. Sheri Jesiel (R-Winthrop Heights) said after the spring legislative session ended on Wednesday. “The good faith and cooperation of these negotiations gave me hope that we could actually tackle this critical issue and use it as a catalyst to craft a balanced budget and begin the financial healing process our state so desperately needs,” […]

todayJune 5, 2017 12

Business & Lifestyle

Freshmen legislators vent frustration at failure of budget deal

Many freshmen lawmakers say the crash and burn they saw on Wednesday night came about because the Democrats don't know how to drive. The first session of the 100th General Assembly concluded without a balanced budget and with the potential for a special session. According to Rep. Allen Skillicorn (R–East Dundee), the majority of the blame for the latest legislative impasse, especially in regards to no balanced budget being passed, belongs with the House Democratic leadership. “I'm starting to call […]

todayJune 1, 2017 17

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