Wednesday, June 3, 2015

More Leading News:
What Does A Budget Shutdown Look Like?

IASB Executive Director Roger Eddy discusses the Illinois budget situation in this piece by Jamey Dunn from WUIS in Springfield. The link includes an audio version of the story.

What Does A Budget Shutdown Look Like? 
June 3, 2015
By Jamey Dunn, WUIS
The spring legislative session ended without a budget deal between Democratic legislative leaders and Republican Governor Bruce Rauner.

The legislature plans to continue session into the summer. But what happened if a spending plan is not in place when the state’s fiscal year begins on July 1?

Democrats did pass several spending bills before the end of the regular session, but the state doesn’t have the money to fully back them up. Rauner says he won’t consider new revenue until the General Assembly approves at least some of his business-friendly agenda.

Rauner and Democratic leaders say they will continue to work together. But right now, at least in public, they don’t have many positive things to say about the situation or each other. ...