SPRINGFIELD, Ill. – Walking back from the brink of fiscal chaos, Illinois finally has a state budget after two years of operating without one.
While Gov. Bruce Rauner held the budget hostage for all that time to advance his own political agenda, Illinois faced crises on every front.
Road and infrastructure projects were halted, human services agencies shut their doors, state universities lost students and faculty and a $15 billion mountain of bills accumulated – leading Illinois dangerously close to becoming the first-ever “junk bond” state.
When legislators sent Rauner a budget-and-revenue plan that cut spending more than his own proposal and set the income tax at the rate he supported, he vetoed it anyway, only to have his veto overridden by a bipartisan coalition of lawmakers.