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Newly elected Governor Bruce Rauner unveiled his budget proposal, which includes $6 billion in cuts to universities, health care, and public sector pensions (except police and firefighters).
Rauner, a private equity investor until he ran for governor, proposed no new taxes on the wealthy.
““This budget is honest with the people of Illinois, and it presents an honest path forward,” Mr. Rauner said as he laid out what he deemed a “turnaround budget” before lawmakers in Springfield, the state capital. “Like a family, we must come together to address the reality we face. Families know that every member can’t get everything they want.”
“The fate of Mr. Rauner’s $31.5 billion spending plan, however, is uncertain, particularly given that Democrats hold veto-proof majorities in both chambers of the legislature. Democrats said it would harm middle-class families and the poor, while asking little more from wealthy residents. The proposed budget calls for no tax increases or new taxes.
“Governor Rauner’s plan includes proposals that will undermine access to health services, child care, affordable college and retirement security for working- and middle-class families,” said John J. Cullerton, the Democratic president of the State Senate, adding that the contents of the plan raised “significant questions about its viability” in the legislature.”