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    Friday, 7 July 2017

    After Two Years, Illinois Finally Passes a Budget—No Thanks to Its Governor

    After over 2 years, lawmakers in Illinois finally passed a budget weekday, however solely when members of Republican Gov. Bruce Rauner’s own party voted to override his veto. From NPR:

    Illinois budget


    The budget negotiated by the Democrat-controlled legislative assembly is that the initial one passed in Illinois since 2015. Rauner, a Republican, had been firmly against the deal and significantly important of the taxation hike it enclosed. He vetoed the package of bills on Tues.
    But enough Republican legislators supported the deal that Democrats were assured they might pass Associate in Nursing override. The vote was 71-42.
    Illinois has gone while not a budget since 2015, once Rauner took workplace. His initial budget planned cutting funding for the state’s social services by nearly $4 billion. Rauner has to boot been a fierce opponent of public sector unions and tax will increase and demanded that a budget deal embody, among different things, a freeze on property taxes and cuts to public pensions.

    About a dozen of the many protesters were inactive whereas demonstrating at the state capitol last week. “People square measure angry as a result of they’re pain,” Kristi Sanford of the activist cluster the People’s Lobby told NBC five Chicago. “So we've got individuals who’ve marched fifteen days and two hundred miles from Chicago to Springfield as a result of they’ve lost wanted ones while not health care, or they can’t get the mental state care they have, or their colleges square measure underfunded or their [Monetary Award Program] grants are quarantined.”

    The budget passed can raise income taxes and company taxes to feature $5 billion to the state’s coffers. The new budget won’t bring Associate in Nursing finish to the state’s monetary woes. The credit rating agency Moody's has warned that the state still faces, among different issues, $251 billion in unfunded pension liabilities.Read More

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