Wed July 15, 2009
IL Legislators Nearing Vote on Makeshift Budget
Springfield, IL – Illinois legislative leaders hope to vote today on a new state budget. The leaders are supposed to meet with Governor Pat Quinn in an attempt to complete a plan for lawmakers to consider. They're discussing a version of the budget that would not include a tax increase or the drastic cuts included in an earlier version. Instead, this budget would depend on more borrowing, leaving bills unpaid and other financial maneuvers. The budget was supposed to be in place by July 1, but it's been held up by disagreements over how to close a historic $11.5 billion deficit.