Piggy bank with Illinois state bird and flower
Mike Thomas/Illinois Public Media
June 30, 2017

Illinois Misses Deadline To Pass Budget, Consequences Hover

A $36.5 billion plan to rebuild Illinois' crumbling finances passed a critical test on Friday, but a powerful legislative leader said no deal would be reached before a midnight deadline — meaning Illinois will enter its third consecutive fiscal year without a budget.

And it means entering dangerous territory: The state comptroller will be unable to cover basic services ordered by courts, road construction and Powerball ticket sales could halt, and the state's credit rating could be downgraded to "junk."

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