Illinois Plugs Deficit as Next Year’s $6 Billion Hole Looms
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Illinois’s legislature plugged a $1.6 billion hole in the state budget, leaving lawmakers to tackle a deficit three times that size in the year ahead.
The Senate Thursday approved a plan that closes the gap for the year ending in June by cutting spending and using $1.3 billion set aside for roads, construction projects and other items. The House of Representatives passed the fix two days ago, about 10 months after lawmakers voted for a budget without enough money to cover it.