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Illinois

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TexasTowelie

(122,133 posts)
Thu Jun 1, 2017, 04:06 PM Jun 2017

A look at the damage of Illinois' 3-year budget impasse [View all]

SPRINGFIELD, Ill. (AP) — More than 1 million Illinois residents are feeling the impact of the state's unprecedented budget impasse, a situation that's expected to worsen with the prospect of entering a third straight fiscal year without a spending plan.

State legislators adjourned this week without an agreement for the fiscal year that starts July 1, impacting students, small businesses, domestic violence victims and others.

Here's a look at some of fallout of the ongoing budget fight between Republican Gov. Bruce Rauner and Democrats controlling the Legislature:

FINANCIAL SNAPSHOT

Illinois closes out the current fiscal year nearly $6 billion in the red, a deficit that continues to grow. Spending mandated by court orders and state statute continues at levels set by the last budget lawmakers approved in 2014, when revenues were higher. A 2011 temporary income tax increase has since rolled back.

Read more: http://www.roanoke.com/news/virginia/wire/a-look-at-the-damage-of-illinois--year-budget/article_5c338555-f2aa-5dba-8424-fae19d0412fd.html

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