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Illinois Budget Impasse

February 16, 2024

The Illinois Budget Impasse was a 793-day-long budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate. The budget impasse has adversely affected Illinois' economy, its credit rating, and public confidence in Illinois' state government.

Background edit

According to the Constitution of Illinois, the Governor is required to submit a balanced budget proposal for the next fiscal year to the Illinois General Assembly. The General Assembly, in turn, must pass a balanced budget and send it to the Governor's desk to sign before the beginning of the new fiscal year on June 30.[1] Historically, Illinois governors have presented budget proposals in mid-February, allowing around four and a half months of negotiations before the deadline. Each fiscal year starts on July 1 and ends on June 30 of the following year. Each fiscal year is also named after the year in which it ends; for example, fiscal year 16 (FY16) started on July 1, 2015, and ended June 30, 2016.

Although the recent Illinois budget impasse is not the first in the state's history, it is the longest. At the beginning of July 2007, disagreements between then-governor Rod Blagojevich and the General Assembly delayed the FY08 budget by six weeks. Under Governor Pat Quinn, Illinois went 16 days in FY10 without a budget.[2]

Fiscal year 2015 edit

On January 12, 2015, Bruce Rauner was sworn in as the 42nd Governor of Illinois. During the 2014 Illinois gubernatorial election, Rauner ran against incumbent governor Pat Quinn on a platform of a series of reforms dubbed "The Turnaround Agenda." The Turnaround Agenda included but was not limited to proposals such as unemployment insurance reform, tort reform, right-to-work reform, and collective bargaining reform.[3] Upon his ascension to the governorship, Governor Rauner intended to act on the Turnaround Agenda. These reforms were largely supported by Illinois' Republican legislators, but largely opposed by Illinois' Democratic legislators, including Illinois Speaker of the House Michael Madigan.[4]

At the time, Illinois was still in FY15 with a budget that had been signed by then-governor Quinn the previous summer. That budget would not expire until June 30, 2015.

Fiscal year 2016 edit

From January 12, 2015, until February 18, 2015, the Illinois Governor's Office of Management and Budget, in conjunction with Illinois' state agencies, crafted a proposed FY16 budget which Governor Rauner introduced in a budget address on February 18, 2015. Both Governor Rauner and Speaker Madigan continued to disagree on how to implement a balanced budget. Governor Rauner insisted that the objectives listed in his Turnaround Agenda, rather than raising taxes, were essential for revitalizing Illinois' economy.[5] Speaker Madigan, on the other hand, insisted that tax increases, rather than budget cuts, were essential.[6]

The General Assembly passed a series of budget bills to the Governor; however, on June 25, 2015, he vetoed most of them.[7] One notable exception to the Governor's veto was a partial budget for the Illinois State Board of Education (ISBE), which manages Illinois' K-12 education. In August 2015 a supplemental education budget would be passed.[8][9] However, on July 1, 2015, the fiscal year ended without a budget for all state agencies except for ISBE.

As the new fiscal year began, not all spending stopped. State agencies often purchase goods and services from vendors on credit. The agencies are then reimbursed from the State according to appropriations in the budget and, in turn, are able to pay the vendors. However, on September 18, 2015, the Supreme Court of Illinois ordered that the State of Illinois must pay state workers and adhere to federal consent decrees which mandated the continuation of various health and social service programs.[10] While this prevented a government shutdown, it also meant that state agencies were required to continue purchasing services with no way to pay the vendors.

Throughout the remainder of summer and autumn of 2015, negotiations between the Governor and Speaker continued, with few results. As January 2016 approached, the Illinois Governor's Office of Management and Budget began preparing an FY17 proposal despite the fact that FY16 did not yet have a budget.

Fiscal year 2017 edit

On February 17, 2016, Governor Rauner presented his FY17 budget proposal.[11] In response, in May 2016, the General Assembly attempted to pass its own budget for the Governor to sign, but it failed in the Senate.[12] However, close to midnight on June 30, 2016, a stopgap budget was passed by the General Assembly and signed by the Governor.[13] The stopgap budget provided limited appropriations to help agencies pay off their backlog of bills from FY16, and fully funded all state agencies in FY17 until January 1, 2017. Again, the Illinois State Board of Education was the sole exception, receiving a full-year FY17 budget. No meaningful revenue increases or legislative reforms occurred. Both Governor Rauner and Speaker Madigan admitted that the stopgap budget was not perfect, and neither solved nor ended the budget impasse.[14]

Although the first half of FY17 began with a budget, both Republicans and Democrats in the General Assembly were preoccupied with the 2016 elections. Donald Trump's unpopularity in Illinois provided Democratic candidates with the opportunity to tie Governor Rauner – and by extension, the budget impasse – to Trump.[15] The Illinois Democratic Party performed strongly in the 2016 Illinois elections. Former City Clerk of Chicago Susana Mendoza defeated incumbent Comptroller Leslie Munger, while incumbent senator Mark Kirk lost in a landslide to congresswoman Tammy Duckworth, yet Republicans gained seats in both chambers of the General Assembly. The ruthless campaign atmosphere did not help ongoing negotiations between Governor Rauner and Speaker Madigan.

Fiscal year 2018 edit

In February 2017, Governor Rauner presented an FY18 budget proposal to the General Assembly.[16] During his address, Governor Rauner mentioned ongoing negotiations for a "Grand Bargain" in the State Senate, although the details of this bargain were yet to be determined.[17] In March 2017, negotiations came to a standstill as the General Assembly failed to vote on the series of bills that included appropriations, tax hikes and freezes, and school funding.[18]

In late June, Governor Rauner announced he would order a special session of the General Assembly to convene until a budget had been passed. On June 30, 2017, House Amendment 2 to Senate Bill 6 passed in the House 90–25. The bill provides some appropriations for FY17. including the Illinois State Board of Education. However, the House adjourned in the early afternoon before voting on the bill.[19] On July 4, 2017, the House passed Senate Bill 6 and sent it to the Governor's desk; however, later that day Governor Rauner vetoed the legislation, claiming that the bill, along with the proposed tax increase, would not address Illinois' fiscal crisis. Later that same day, the Senate voted 39–15 to override the Governor's veto.[20] On July 6, 2017, the Illinois House of Representatives voted 71–42 to override Governor Rauner's veto of an income tax increase and FY17 state budget, providing Illinois with its first full year budget since FY15.[21] Although appropriations in the FY18 budget are ostensibly for FY18 costs only, the budget allows for some of its appropriations to also be used to pay for costs incurred in FY17.

However, the veto override did not fully end the budget impasse, as there was still risk that the state's public school districts would not receive much of their funding for FY18. As of late August 2017, school districts had already missed two regular installments of state aid due to the impasse.[22] A full appropriation for the Illinois State Board of Education depended on replacing Illinois' current school funding formula, called General State Aid, with a new formula called "Evidence-Based Funding." $6.6 billion was appropriated in the Senate Bill 1 for Evidence-Based Funding, when technically that formula was not yet law; General State Aid legally remained the current school funding formula. The $6.6 billion could not be used until Evidence-Based Funding was enacted into law to replace General State Aid.[23][24] On July 31, Senate Bill 1, a bill which would formally replace General State Aid with Evidence-Based Funding, was sent to the Governor.[25]

On August 1, Governor Rauner submitted an amendatory veto of Senate Bill 1 to the General Assembly. In his veto message, he articulated his disagreements with the bill's mechanisms holding districts harmless and appropriating money for the Chicago Teacher's Pension Fund (CTPF).[26] However, on August 13, the Illinois Senate voted 38–19 to override the Governor's veto, but on August 28, the House failed to override the veto, voting 63–46 while requiring a 3/5 majority.[27] In late August, both Democratic and Republican leaders announced a tentative bipartisan education funding reform compromise bill, Senate Bill 1947. The bill contains much of the language of the defunct Senate Bill 1, including replacing General State Aid with Evidence-Based Funding. On August 28, in wake of the failed override of Senate Bill 1, the House passed Senate Bill 1947 73–34, with 3 voting present. An amendment passed later that day, 38–13 with 4 voting present, and the bill was sent to the Governor. On August 31, the bill was signed into law.[28]

Credit rating of Illinois edit

Throughout the impasse, Illinois' credit rating has been downgraded by several credit rating agencies. In 2014, Illinois' S&P credit rating was A−, already the worst out of the 50 United States.[29] In October 2016, S&P downgraded Illinois' credit rating from BBB+ to BBB with a negative outlook.[30] In June 2016, Moody's downgraded Illinois' bond ratings to Baa2 from Baa1, also with a negative outlook.[31] These agencies each have cited the lack of a budget and a prolonged history of financial mismanagement as the causes of the downgrades.

In June 2017, S&P threatened to downgrade Illinois' credit rating to junk if an FY18 budget were not passed before the end of the fiscal year. Speaker Madigan wrote a letter to S&P asking them to delay any judgment until after the weekend, promising that the General Assembly would convene on Saturday, July 1 to finish negotiations.[32]

As of November 2023, Illinois' credit rating has seen nine credit upgrades, with a credit rating of A currently exceeding the 2014 credit rating of A−. The main factor influencing this decision, according to Fitch, was the reduction of a bill backlog from a high of $17 billion to just under $500 million.[33]

References edit

  1. ^ "Illinois Constitution - Article VIII". Ilga.gov. Retrieved 2017-03-01.
  2. ^ Kevin P. Craver. "McHenry County lawmakers sound off on Illinois budget impasse | Northwest Herald". Nwherald.com. Retrieved 2017-03-01.
  3. ^ "The Illinois Turnaround" (PDF). Illinois.gov. Retrieved 2017-03-01.
  4. ^ "Madigan Raises Heat on Rauner Turnaround Agenda | The Illinois ObserverThe Illinois Observer". Illinoisobserver.net. 2015-05-04. Retrieved 2017-03-01.
  5. ^ "Full text: Illinois Gov. Bruce Rauner's budget address - Government News - Crain's Chicago Business". Chicagobusiness.com. 2015-02-18. Retrieved 2017-03-01.
  6. ^ "Illinois House Speaker Madigan interview, 5-31-2015". YouTube. Retrieved 2017-03-01.
  7. ^ "Gov. Bruce Rauner Vetoes Budget Bills | Chicago Tonight | WTTW". Chicagotonight.wttw.com. 2015-06-25. Retrieved 2017-03-01.
  8. ^ "Illinois General Assembly - Bill Status for SB2042". Ilga.gov. Retrieved 2017-03-01.
  9. ^ "Illinois General Assembly - Bill Status for HB3763". Ilga.gov. Retrieved 2017-03-01.
  10. ^ Pierog, Karen (2015-09-18). "Courts call the shots for budget-less Illinois". Reuters. Retrieved 2017-03-01.
  11. ^ "Illinois State Budget : Fiscal Year 2017" (PDF). Illinois.gov. Retrieved 2017-03-01.
  12. ^ "99th General Assembly: State of Illinois 2015 and 2016" (PDF). Ilga.gov. Retrieved 2017-03-01.
  13. ^ "Illinois General Assembly - Full Text of Public Act 099-0524". Ilga.gov. 2016-06-30. Retrieved 2017-03-01.
  14. ^ "Rauner signs stopgap budget, school funding bill — but relief from stalemate proves temporary". Chicago Tribune. Retrieved 2017-03-01.
  15. ^ Posted 11:54 AM, October 12, 2016, by Jordan Muck (2016-10-12). "Rauner denounces Trump as new ad tries to link Governor to his controversial comments". WGN-TV. Retrieved 2017-03-01.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  16. ^ "Illinois State Budget: Fiscal Year 2018" (PDF). Illinois.gov. Retrieved 2017-03-01.
  17. ^ Tina Sfondeles (2017-02-14). "'Frustrated' Rauner to push for 'grand bargain' in budget address". Chicago Sun-Times. Retrieved 2017-03-01.
  18. ^ ""Grand Bargain" dead for now as Dems blame Rauner".
  19. ^ "Capitol Fax.com - Your Illinois News Radar » *** UPDATED x1 - Don't open the champagne yet *** House approves budget proposal, will remain in session at least through Saturday".
  20. ^ "Illinois General Assembly - Full Text of SB0006".
  21. ^ "Illinois Finally Has A Budget". WBEZ. 6 July 2017. Retrieved 6 July 2017.
  22. ^ "Democrats, Republicans say a tentative deal reached on school funding - Chicago Tribune". Chicago Tribune. 25 August 2017.
  23. ^ . Archived from the original on 2017-07-06.
  24. ^ http://www.ilga.gov/legislation/publicacts/100/PDF/100-0021.pdf[bare URL PDF]
  25. ^ "Illinois General Assembly - Bill Status for SB0001".
  26. ^ "Illinois General Assembly - Full Text of SB0001".
  27. ^ "Illinois General Assembly - Bill Status for SB0001".
  28. ^ DocNum=1947&GAID=14&GA=100&DocTypeID=SB&LegID=105288&SessionID=106&SpecSess=15
  29. ^ "State credit ratings". Ballotpedia. Retrieved 2017-03-01.
  30. ^ Dabrowski, Ted (2016-10-04). "S&P downgrades Illinois credit rating closer to junk | Illinois Policy | Illinois' comeback story starts here". Illinois Policy. Retrieved 2017-03-01.
  31. ^ "Moody's downgrades Illinois GOs to Baa2 from Baa1; related ratings also downgraded". Moodys.com. 8 June 2016. Retrieved 2017-03-01.
  32. ^ "Market's appetite for Illinois paper is shrinking spreads". Bond Buyer. 14 May 2019. Retrieved 2020-01-12.
  33. ^ "Illinois Receives Credit Rating Upgrade from Fitch". NBC Chicago. 7 November 2023. Retrieved 2023-11-09.

External links edit

  • FY16 ISBE Budget
  • FY16 Supplemental ISBE Budget
  • FY17 Stopgap Budget
  • FY18 Budget
  • Evidence-Based Funding Reform

February 16, 2024
illinois, budget, impasse, long, budget, crisis, state, illinois, from, july, 2015, august, 2017, illinois, without, complete, state, budget, fiscal, years, 2016, 2017, part, 2018, result, many, state, agencies, services, continue, borrowing, operate, budget, . The Illinois Budget Impasse was a 793 day long budget crisis in the state of Illinois From July 1 2015 to August 31 2017 Illinois was without a complete state budget for fiscal years 2016 2017 and part of 2018 As a result many state agencies had to cut services or continue borrowing to operate The budget impasse has adversely affected Illinois economy its credit rating and public confidence in Illinois state government Contents 1 Background 2 Fiscal year 2015 3 Fiscal year 2016 4 Fiscal year 2017 5 Fiscal year 2018 6 Credit rating of Illinois 7 References 8 External linksBackground editAccording to the Constitution of Illinois the Governor is required to submit a balanced budget proposal for the next fiscal year to the Illinois General Assembly The General Assembly in turn must pass a balanced budget and send it to the Governor s desk to sign before the beginning of the new fiscal year on June 30 1 Historically Illinois governors have presented budget proposals in mid February allowing around four and a half months of negotiations before the deadline Each fiscal year starts on July 1 and ends on June 30 of the following year Each fiscal year is also named after the year in which it ends for example fiscal year 16 FY16 started on July 1 2015 and ended June 30 2016 Although the recent Illinois budget impasse is not the first in the state s history it is the longest At the beginning of July 2007 disagreements between then governor Rod Blagojevich and the General Assembly delayed the FY08 budget by six weeks Under Governor Pat Quinn Illinois went 16 days in FY10 without a budget 2 Fiscal year 2015 editOn January 12 2015 Bruce Rauner was sworn in as the 42nd Governor of Illinois During the 2014 Illinois gubernatorial election Rauner ran against incumbent governor Pat Quinn on a platform of a series of reforms dubbed The Turnaround Agenda The Turnaround Agenda included but was not limited to proposals such as unemployment insurance reform tort reform right to work reform and collective bargaining reform 3 Upon his ascension to the governorship Governor Rauner intended to act on the Turnaround Agenda These reforms were largely supported by Illinois Republican legislators but largely opposed by Illinois Democratic legislators including Illinois Speaker of the House Michael Madigan 4 At the time Illinois was still in FY15 with a budget that had been signed by then governor Quinn the previous summer That budget would not expire until June 30 2015 Fiscal year 2016 editFrom January 12 2015 until February 18 2015 the Illinois Governor s Office of Management and Budget in conjunction with Illinois state agencies crafted a proposed FY16 budget which Governor Rauner introduced in a budget address on February 18 2015 Both Governor Rauner and Speaker Madigan continued to disagree on how to implement a balanced budget Governor Rauner insisted that the objectives listed in his Turnaround Agenda rather than raising taxes were essential for revitalizing Illinois economy 5 Speaker Madigan on the other hand insisted that tax increases rather than budget cuts were essential 6 The General Assembly passed a series of budget bills to the Governor however on June 25 2015 he vetoed most of them 7 One notable exception to the Governor s veto was a partial budget for the Illinois State Board of Education ISBE which manages Illinois K 12 education In August 2015 a supplemental education budget would be passed 8 9 However on July 1 2015 the fiscal year ended without a budget for all state agencies except for ISBE As the new fiscal year began not all spending stopped State agencies often purchase goods and services from vendors on credit The agencies are then reimbursed from the State according to appropriations in the budget and in turn are able to pay the vendors However on September 18 2015 the Supreme Court of Illinois ordered that the State of Illinois must pay state workers and adhere to federal consent decrees which mandated the continuation of various health and social service programs 10 While this prevented a government shutdown it also meant that state agencies were required to continue purchasing services with no way to pay the vendors Throughout the remainder of summer and autumn of 2015 negotiations between the Governor and Speaker continued with few results As January 2016 approached the Illinois Governor s Office of Management and Budget began preparing an FY17 proposal despite the fact that FY16 did not yet have a budget Fiscal year 2017 editOn February 17 2016 Governor Rauner presented his FY17 budget proposal 11 In response in May 2016 the General Assembly attempted to pass its own budget for the Governor to sign but it failed in the Senate 12 However close to midnight on June 30 2016 a stopgap budget was passed by the General Assembly and signed by the Governor 13 The stopgap budget provided limited appropriations to help agencies pay off their backlog of bills from FY16 and fully funded all state agencies in FY17 until January 1 2017 Again the Illinois State Board of Education was the sole exception receiving a full year FY17 budget No meaningful revenue increases or legislative reforms occurred Both Governor Rauner and Speaker Madigan admitted that the stopgap budget was not perfect and neither solved nor ended the budget impasse 14 Although the first half of FY17 began with a budget both Republicans and Democrats in the General Assembly were preoccupied with the 2016 elections Donald Trump s unpopularity in Illinois provided Democratic candidates with the opportunity to tie Governor Rauner and by extension the budget impasse to Trump 15 The Illinois Democratic Party performed strongly in the 2016 Illinois elections Former City Clerk of Chicago Susana Mendoza defeated incumbent Comptroller Leslie Munger while incumbent senator Mark Kirk lost in a landslide to congresswoman Tammy Duckworth yet Republicans gained seats in both chambers of the General Assembly The ruthless campaign atmosphere did not help ongoing negotiations between Governor Rauner and Speaker Madigan Fiscal year 2018 editIn February 2017 Governor Rauner presented an FY18 budget proposal to the General Assembly 16 During his address Governor Rauner mentioned ongoing negotiations for a Grand Bargain in the State Senate although the details of this bargain were yet to be determined 17 In March 2017 negotiations came to a standstill as the General Assembly failed to vote on the series of bills that included appropriations tax hikes and freezes and school funding 18 In late June Governor Rauner announced he would order a special session of the General Assembly to convene until a budget had been passed On June 30 2017 House Amendment 2 to Senate Bill 6 passed in the House 90 25 The bill provides some appropriations for FY17 including the Illinois State Board of Education However the House adjourned in the early afternoon before voting on the bill 19 On July 4 2017 the House passed Senate Bill 6 and sent it to the Governor s desk however later that day Governor Rauner vetoed the legislation claiming that the bill along with the proposed tax increase would not address Illinois fiscal crisis Later that same day the Senate voted 39 15 to override the Governor s veto 20 On July 6 2017 the Illinois House of Representatives voted 71 42 to override Governor Rauner s veto of an income tax increase and FY17 state budget providing Illinois with its first full year budget since FY15 21 Although appropriations in the FY18 budget are ostensibly for FY18 costs only the budget allows for some of its appropriations to also be used to pay for costs incurred in FY17 However the veto override did not fully end the budget impasse as there was still risk that the state s public school districts would not receive much of their funding for FY18 As of late August 2017 school districts had already missed two regular installments of state aid due to the impasse 22 A full appropriation for the Illinois State Board of Education depended on replacing Illinois current school funding formula called General State Aid with a new formula called Evidence Based Funding 6 6 billion was appropriated in the Senate Bill 1 for Evidence Based Funding when technically that formula was not yet law General State Aid legally remained the current school funding formula The 6 6 billion could not be used until Evidence Based Funding was enacted into law to replace General State Aid 23 24 On July 31 Senate Bill 1 a bill which would formally replace General State Aid with Evidence Based Funding was sent to the Governor 25 On August 1 Governor Rauner submitted an amendatory veto of Senate Bill 1 to the General Assembly In his veto message he articulated his disagreements with the bill s mechanisms holding districts harmless and appropriating money for the Chicago Teacher s Pension Fund CTPF 26 However on August 13 the Illinois Senate voted 38 19 to override the Governor s veto but on August 28 the House failed to override the veto voting 63 46 while requiring a 3 5 majority 27 In late August both Democratic and Republican leaders announced a tentative bipartisan education funding reform compromise bill Senate Bill 1947 The bill contains much of the language of the defunct Senate Bill 1 including replacing General State Aid with Evidence Based Funding On August 28 in wake of the failed override of Senate Bill 1 the House passed Senate Bill 1947 73 34 with 3 voting present An amendment passed later that day 38 13 with 4 voting present and the bill was sent to the Governor On August 31 the bill was signed into law 28 Credit rating of Illinois editThroughout the impasse Illinois credit rating has been downgraded by several credit rating agencies In 2014 Illinois S amp P credit rating was A already the worst out of the 50 United States 29 In October 2016 S amp P downgraded Illinois credit rating from BBB to BBB with a negative outlook 30 In June 2016 Moody s downgraded Illinois bond ratings to Baa2 from Baa1 also with a negative outlook 31 These agencies each have cited the lack of a budget and a prolonged history of financial mismanagement as the causes of the downgrades In June 2017 S amp P threatened to downgrade Illinois credit rating to junk if an FY18 budget were not passed before the end of the fiscal year Speaker Madigan wrote a letter to S amp P asking them to delay any judgment until after the weekend promising that the General Assembly would convene on Saturday July 1 to finish negotiations 32 As of November 2023 Illinois credit rating has seen nine credit upgrades with a credit rating of A currently exceeding the 2014 credit rating of A The main factor influencing this decision according to Fitch was the reduction of a bill backlog from a high of 17 billion to just under 500 million 33 References edit Illinois Constitution Article VIII Ilga gov Retrieved 2017 03 01 Kevin P Craver McHenry County lawmakers sound off on Illinois budget impasse Northwest Herald Nwherald com Retrieved 2017 03 01 The Illinois Turnaround PDF Illinois gov Retrieved 2017 03 01 Madigan Raises Heat on Rauner Turnaround Agenda The Illinois ObserverThe Illinois Observer Illinoisobserver net 2015 05 04 Retrieved 2017 03 01 Full text Illinois Gov Bruce Rauner s budget address Government News Crain s Chicago Business Chicagobusiness com 2015 02 18 Retrieved 2017 03 01 Illinois House Speaker Madigan interview 5 31 2015 YouTube Retrieved 2017 03 01 Gov Bruce Rauner Vetoes Budget Bills Chicago Tonight WTTW Chicagotonight wttw com 2015 06 25 Retrieved 2017 03 01 Illinois General Assembly Bill Status for SB2042 Ilga gov Retrieved 2017 03 01 Illinois General Assembly Bill Status for HB3763 Ilga gov Retrieved 2017 03 01 Pierog Karen 2015 09 18 Courts call the shots for budget less Illinois Reuters Retrieved 2017 03 01 Illinois State Budget Fiscal Year 2017 PDF Illinois gov Retrieved 2017 03 01 99th General Assembly State of Illinois 2015 and 2016 PDF Ilga gov Retrieved 2017 03 01 Illinois General Assembly Full Text of Public Act 099 0524 Ilga gov 2016 06 30 Retrieved 2017 03 01 Rauner signs stopgap budget school funding bill but relief from stalemate proves temporary Chicago Tribune Retrieved 2017 03 01 Posted 11 54 AM October 12 2016 by Jordan Muck 2016 10 12 Rauner denounces Trump as new ad tries to link Governor to his controversial comments WGN TV Retrieved 2017 03 01 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link CS1 maint numeric names authors list link Illinois State Budget Fiscal Year 2018 PDF Illinois gov Retrieved 2017 03 01 Tina Sfondeles 2017 02 14 Frustrated Rauner to push for grand bargain in budget address Chicago Sun Times Retrieved 2017 03 01 Grand Bargain dead for now as Dems blame Rauner Capitol Fax com Your Illinois News Radar UPDATED x1 Don t open the champagne yet House approves budget proposal will remain in session at least through Saturday Illinois General Assembly Full Text of SB0006 Illinois Finally Has A Budget WBEZ 6 July 2017 Retrieved 6 July 2017 Democrats Republicans say a tentative deal reached on school funding Chicago Tribune Chicago Tribune 25 August 2017 Long awaited budget vote won t yet solve school funding problems Chicago Sun Times Archived from the original on 2017 07 06 http www ilga gov legislation publicacts 100 PDF 100 0021 pdf bare URL PDF Illinois General Assembly Bill Status for SB0001 Illinois General Assembly Full Text of SB0001 Illinois General Assembly Bill Status for SB0001 DocNum 1947 amp GAID 14 amp GA 100 amp DocTypeID SB amp LegID 105288 amp SessionID 106 amp SpecSess 15 State credit ratings Ballotpedia Retrieved 2017 03 01 Dabrowski Ted 2016 10 04 S amp P downgrades Illinois credit rating closer to junk Illinois Policy Illinois comeback story starts here Illinois Policy Retrieved 2017 03 01 Moody s downgrades Illinois GOs to Baa2 from Baa1 related ratings also downgraded Moodys com 8 June 2016 Retrieved 2017 03 01 Market s appetite for Illinois paper is shrinking spreads Bond Buyer 14 May 2019 Retrieved 2020 01 12 Illinois Receives Credit Rating Upgrade from Fitch NBC Chicago 7 November 2023 Retrieved 2023 11 09 External links editFY16 ISBE Budget FY16 Supplemental ISBE Budget FY17 Stopgap Budget FY18 Budget Evidence Based Funding Reform Retrieved from https en wikipedia org w index php title Illinois Budget Impasse amp oldid 1195417851, wikipedia, wiki, book, books, library,

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