Illinois House Democrats Introduce Budget, But They Will Need GOP Support To Pass It
There was more movement in budget negotiations Tuesday in Springfield, where Illinois House Democrats introduced their own budget plan.
The proposed Democratic budget would fully fund Illinois government for the first time in two years. But it’s going to need Republican support to actually pass.
House Speaker Michael Madigan says it incorporates a lot of suggestions from Republicans.
“I’m not saying that this is perfect. I’m not saying that it completely meets every request of the governor,” Madigan said.
But, he said, it would spend less than the budget Republican Gov. Bruce Rauner introduced in February.
Taxes would have to go up to meet these spending levels. Democrats say that aspect of their plan is still being worked out.
If lawmakers and the governor can't agree on a spending plan by Friday, which is the end of the fiscal year, Illinois will enter a third year without a budget.
That prospect comes with the possibility of Illinois' credit rating being lowered to junk status, which would make it more expensive for the state to borrow money for major projects. And without either a budget or some other method of providing funding for public schools, some districts have talked about the possibility of running out of money over the next few months.