Illinois legislators have through Friday to accomplish their most important task: passing a budget. Here's AmandaVinicky on the latest from Springfield.
The state learned the consequences – decimated human services, loss of jobs, universities at risk of losing their accreditation, halted construction work, costly credit downgrades – of going without a fiscal plan during a historic two-year political standoff that ended in July 2017.Lawmakers technically have until July, when a new fiscal year begins, to pass a fiscal year 2024 budget.
Despite the alarming language, the drop did not lead the commission to majorly change its previous estimate that the state will have $50.4 billion to work with for the next fiscal year. That can be at odds with demands from interests across the state. Chicago’s new mayor, Brandon Johnson, is requesting state assistance to house asylum seekers, additional funding for Chicago Public Schools and an increase in the share of the state income tax that goes to municipalities.
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