Illinois House Overrides Rauner’s Veto to End Budget Impasse
- Lawmakers override governor’s veto to end record budget fight
- S&P warned of likely downgrade without budget by July 1
Illinois Closer to Ending Record-Long Budget Impasse
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For the past two years, nearly Illinois Governor Bruce Rauner’s entire time in office, his state was locked in a political paralysis that battered its universities, left contractors waiting to be paid and undermined its standing on Wall Street.
Then on Thursday, faced with the risk of becoming the only U.S. state with a junk bond rating, Democrats who control the legislature and almost a dozen of the governor’s fellow Republicans voted to override his vetoes of a $36 billion spending plan and across-the-board tax hikes, enacting a budget for the first time since mid-2015.