IL State Budget Moving Swiftly Towards Passage
Springfield, Ill. – The Illinois House may pass a big chunk of that state's budget today. Thursday night, the state Senate passed most of the budget that Gov. Rod Blagojevich proposed last month. They added about $135 million, mostly for education. Lawmakers still need to figure out how to pay for whatever they pass.
Approval by the House would send the legislation to the governor for final action.
Blagojevich has proposed filling the state's $5 billion deficit with a combination of spending cuts, increased business fees and taxes and the sale of some state property. He has also proposed a plan to cut pension costs by borrowing money at low rates.