Legislature adjourns, tax increase to rollback
It’s over in Springfield until after the November elections. Lawmakers went home during the early morning hours of Saturday passing a 36 billion dollar budget which was almost five billion short of what Governor Pat Quinn wanted. The budget shortfall occurred because the General Assembly did not extend the temporary tax increase, so it will roll back from five-percent to three and three quarter percent.
The issue could resurface again, after the elections. Both Democrats and Republicans didn’t make the tough decisions on the budget observers say, because they want to see who’s going to be the next governor, incumbent Democrat Pat Quinn or his strong challenger, Republican Bruce Rauner.
Quinn said in a statement after the legislature adjourned that the General Assembly sent him an incomplete budget that doesn’t pay down the bills and postpones tough decisions. Rauner called the legislature’s spending plan “a phony budget.” A one-billion dollar capital bill, different from the budget, did pass for roads and bridge projects. An expansion of casino gambling either for five new casinos around the state or one super-size casino for Chicago did not materialize.