Illinois Governor Pat Quinn will unveil his next budget proposal in Springfield Wednesday.
The plan increases state spending, but there are also some significant cuts.
The governor is expected to call for a 3 percent funding cut for education. That will take $278 million away from day to day operations of schools and universities. Funding for early childhood and college grants will remain protected.
Quinn has said that the cuts in education, and other operations, will be necessary to help pay off pensions.
His budget proposal will not include any new taxes, fees, or programs, but it will boost funding to go toward the state’s pension deficit.
Any new revenue coming into the state will go toward pensions.
The Chicago Tribune reports that the governor also has a plan to pay down the state’s backlog of unpaid bills.
The comptroller’s office estimates those bills to total almost $10 billion. Details on how Quinn would pay that down were not released.
The governor also reportedly has plans to close what he considers corporate tax loopholes.