SPRINGFIELD, Ill. (AP) — Illinois lawmakers set aside billions of dollars Friday to pay debts and pension costs, despite Republicans' arguments that it makes little sense to pass part of the state budget without a plan for the rest.
While legislators concentrated on the next budget, Democratic Gov. Pat Quinn took steps toward cutting the current one. His office ordered agencies to give him information on the impact of cutting annual spending by 1 percent, or roughly $250 million, even though the budget year is almost over.
"We may want to turn the spigot off," Quinn budget director David Vaught told The Associated Press.
Senate Democrats defended their decision to approve part of a new budget, saying it ensures the state won't wind up ducking these obligations or paying them with borrowed money.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
