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Gov. Rauner Not Surprised At Bond Rating Drop

Gov. Rauner Not Surprised At Bond Rating Drop

The political jockeying came amid state Republican Party robocalls targeting Democratic House members to pressure them to pass property-tax relief alongside an income-tax hike to fund state operations.

Rauner advocates for a full-year budget compromise, but appears to be leaving room for a stopgap spending plan.

The Illinois General Assembly returns for the final day of its spring session not much closer to a budget agreement than when it started in January.

Sponsors, along with a wide network of education advocates and school associations, say the proposal would help ensure all students in IL receive a quality education regardless of where they live. And it has led to layoffs and big cuts to universities. If lawmakers fail to reach agreement on a budget with provisions created to reduce the state's structural deficit, it's likely we will again lower the ratings. Majority Democrats still aren't saying whether they plan to do anything about that.

Those efforts fell apart weeks ago, and Democrats passed a $37.3 billion budget blueprint that never got a vote in the House. The first hearing will be held on June 8 in Chicago.

And now - Illinois Senate Democrats say they can't trust Republican Governor Bruce Rauner to negotiate.

"The battle is obviously not over just because we sat in the state house", Brown said.

Republican Gov. Bruce Rauner and the Democrat-controlled Legislature remain at odds over new revenues and other pro-business reforms.




"Seniors will continue to lose meals on wheels and in-home care", said the Responsible Budget Coalition in a statement emailed to Chicagoist. "Once again a tragic failure to serve the people of IL, to pass a balanced budget along with critical structural changes to protect taxpayers and grow more jobs".

While the text of the bill is not entirely clear, it appears to exempt from the 20 percent tax certain partners or shareholders of businesses primarily engaged in real estate investment.

Out of patience, Moody's analysts said this: "During the past year of fruitless negotiations and partisan wrangling, fundamental credit challenges have intensified enough to warrant a downgrade, regardless of whether a fiscal compromise is reached in an extended session". And they noted all components of the bipartisan package passed out of the Senate.

The House and Senate have until 12:01 a.m. Thursday to adopt an annual spending plan or face the prospect of needing supermajority votes to activate one.

"I'm just telling you how frustrating this is because we've done everything that he's asked", Cullerton said. "We need to fight for our taxpayers, make sure they're protected; bring down our property tax burden, it's the highest in America; and most importantly, grow more jobs in the state of IL". They know darn well what needs to be done. Democratic Rep. Greg Harris said in reference to the deadline that Democrats will "cross that bridge when we come to it", but with the deadline on Wednesday and no agreement in sight, running over time seems nearly inevitable. After the end of the General Assembly [regular term session]?

In a statement, Equality Illinois CEO Brian Johnson said, "At a time when one-fifth of hate crimes reported to the Federal Bureau of Investigation are committed against LGBTQ people, the Illinois General Assembly sent a powerful bipartisan message today that anti-LGBTQ stigma must not carry over to the courtroom".

Another group stormed the House chambers Tuesday afternoon.


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