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IL House Rejects "Doomsday" Budget

Fri, 23 May 2014 10:10:58 CDT
By: AP

The Illinois House has overwhelmingly rejected a $34.5 billion 'doomsday' budget that would spell out deep cuts to schools and social services next year. The budget plan was developed by Legislative leaders after it became clear there were not enough votes to support an earlier budget plan that relied on extending the state's temporary income tax increase. Lawmakers voted it down by a vote of 107-5 this morning. The tax rate is scheduled to drop from 5 percent to 3.75 percent for individuals in January. That would reduce state revenue next year by $1.8 billion. Democrats say the increase must be extended to protect education and social services, but Republicans say the state must hold the line on spending.

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