Governor Bruce Rauner has vetoed Illinois’ first complete budget legislation in more than two years. The Illinois Senate already voted to override him. Now the question is when the Illinois House will try to do the same thing. Bond rating agencies have warned of “junk” status if Illinois doesn’t act soon, but state Representative Lou Lang says he believes the rating agencies will see Illinois is moving in the right direction.
The budget plan includes spending cuts, changes to the state pension systems, and a tax increase. Sixteen Republicans broke with Rauner to get it passed.
