From AP - News Headlines -

Legislature Ends Session with Larger Gap in State Budget

Illinois lawmakers have approved a budget and returned home, but they refused to give Governor Pat Quinn all he wanted.

Over the past few weeks it became clear Governor Pat Quinn's efforts to get a tax increase were being pushed aside. Instead, Quinn pinned his hopes on borrowing nearly 4 billion dollars. The proceeds would go into public employee pension systems, freeing up tax dollars that could be used on various needs like schools. One problem was that Quinn was unable to convince enough legislators to give him borrowing authority. The majority party Democrats in the Senate still needed Republican help, and they didn't get it, angering Senate President John Cullerton. "We don't have any Republican votes like they did in the House," Cullerton said following the session.

The House narrowly approved borrowing earlier in the week, getting a pair of Republicans to go along. Cullerton says he envisions returning to the Capitol in a couple of weeks, before the new fiscal year begins.

The Senate failure means Quinn will have to try again or try to manage the state's $13 billion deficit with $4 billion to spend. Democrats could also vote to skip the payment altogether, a move Quinn says would be more costly in the long run.

Categories: Economics, Government, Politics