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"From Horrific To Catastrophic": Court Ruling Sends Illinois Into Financial Abyss

First Maine, then Connecticut, and finally late on Friday, confirming the worst case outcome many had expected, Illinois entered its third straight fiscal year without a budget as Republican Governor Bruce Rauner and Democratic lawmakers failed to agree on how to compromise over the government’s chronic deficits, pushing it closer toward becoming the first junk-rated U.
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Rauner fighting for a common sense budget in Illinois

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Illinois has suffered mismanagement for years, which is why finally the state managed to elect a Republican Governor, Bruce Rauner. It's budget time in Illinois, and the Governor is pushing for some common sense ideas (enact reform ...

Despite Stopgap Budget Deal, Moody's Downgrades Credit Ratings of Illinois Universities

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After an entire year without an operating budget, Illinois breathed a sigh of relief June 30 when Republican Gov. Bruce Rauner and the Democratic Legislature finally agreed to a temporary plan to get state government through the end...

Taking Stock of Failure, Finding Ray of Hope From 2016 Legislative Session

United States / Chicago : Huffington Post: Chicago Blog

For the second straight year, the Illinois General Assembly left Springfield this week without a budget in place for fiscal year that starts July 1. A year ago, when Gov. Bruce Rauner and the Democrats who control the Legislature fi...

Illinois Calls Special Legislative Session in Final Attempt to Prevent Fiscal Disaster

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

For the last two years, Illinois has been operating without a budget, as Republican Governor Bruce Rauner and the Democrat-controlled legislature have not agreed on how to handle the state’s spiraling budget crisis. On May 31, the s...

Illinois House Approves Historic 32% Tax Increase, Governor Vows Veto

Business & Finance : Zero Hedge

With Illinois, which on Saturday morning entered its third fiscal year without a budget, facing a catastrophic downgrade, late on Sunday evening the Illinois House approved the most controversial element of a budget package, a tax h...


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