budget deficit

The Peoria City Council Tuesday night had a first look at a $6-million deficit in next year’s city budget. An increase in pension costs and a drop in…

The Illinois Senate is plunging back into the "grand bargain" budget compromise with three weeks remaining in the legislative session. The Senate voted…

A new poll says Illinois voters are divided on what to do about the state’s financial problems.The poll puts Illinois' deficit at $10 billion, and gives…

The Illinois Senate has adjourned without pushing its stalled budget compromise further. But a Senate Democrat filed legislation today spelling out…

Democrats are questioning whether Gov. Bruce Rauner's plans will produce a balanced budget to help the state dig itself out of a multibillion dollar…

Gov. Bruce Rauner says the state's budget deficit will be $5.4 billion. The figure is far below the $7.8 billion that the Legislature's bipartisan…

Illinois Governor Bruce Rauner says the state will need more revenue to reduce the deficit the longer it goes without a full budget.Rauner spoke today at…

A spokeswoman for Gov. Bruce Rauner says a report that Illinois will build up an $8 billion spending deficit this year shows that the Republican's agenda…

Illinois House Republicans are launching automated phone calls blasting Democrats who voted for a state spending plan they say would lead to a $7 billion…

Illinois Republican leaders say they're encouraged by Democrats' willingness to negotiate a deal to end an 11-month budget stalemate despite House…