Sunday, July 02, 2017

Desperate Times

How notto save a bankrupt state:
An appropriations amendment passed the Illinois House 90-25, with 23 Republican votes. It must still be read a third time and passed. From there, it needs Illinois Senate approval. Lawmakers are being summoned back into session Saturday.

There’s still a long path to a resolution. Democrats must drum up support not only for the spending plan, but also for a politically unpopular revenue measure. There’s also a need for a measure to pay the state’s $14.7 billion backlog of unpaid bills.

Saturday marks the first day of a new fiscal year — meaning the state will enter its third straight year without a budget. But there were notes of optimism on Friday.

“We’re close. We’re close. But again, I need to be able to sell it to my caucus and look at it as a whole,” Durkin said en route to his second meeting with the speaker, noting the plan needs to include cuts, reforms and revenue.
So close, and yet so far left to fall...

No comments:

Post a Comment

Free Money?

Well, it's their money: The incubator has already piloted a study of the effects of introducing a basic income. It gave cash handouts to...