Echoes of disappointment surround lawmakers after IL budget stalemate

But party leaders also said they're considering other options.

We also believe that IL is now at risk of entering a negative credit spiral, where downgraded credit ratings would trigger contingent demands on state liquidity, further exacerbating its fiscal distress.

Instead, Speaker Madigan says Democrats will hold public hearings on the budget, the first to be held June 8th in Chicago, something Rauner calls phony and just meant to generate news headlines rather than solve the problem.

Speaker Madigan told media on Wednesday that the democratic record has shown they responded to Rauner's request to have "meaningful reform" for a budget with a tax hike and that they will be doing that, "through the month of June". That leaves state finances in limbo - including funding for grade schools.

Rauner has said he wants a permanent property tax freeze as part of a state budget. The Women's Center, a shelter offering services to domestic violence and sexual assault victims in eight southern IL counties, has said that without an infusion of state funds in the coming months they'll have to close their doors.

Rauner said he does not support a bill to raise Illinois' minimum wage to $15 an hour over the next five years, saying it would "crush jobs".

Rauner, a private equity investor, won his first public office in 2014 on an anti-tax, pro-business agenda of government fix, once even suggesting it might require a government shutdown, or "do-over". IL has not had a budget in place for almost two years as a result of disagreements between state Congressional members and Republican Gov. Bruce Rauner. The current minimum wage in IL is $8.25 an hour.

Knowing the Governor Rauner would veto a budget that included tax increases, House Democrats left town without voting on a Senate-passed budget.

Cullerton accused Rauner of "hijacking" Senate budget negotiations, suggesting that Rauner added $20 million to his own campaign fund to run Republican primary opponents against incumbents if they voted in favor of a budget plan, just as the Senate was calling those bills for a vote.

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.

One would make it easier for transgender and intersex people to change the gender marker on their IL birth certificates.

Demonstrators march near the Illinois State Capitol building in Springfield.

Protesters pushing for plans to close so-called corporate tax loopholes and tax the wealthy at higher rates have disrupted proceedings at the state Capitol.

The Senate last week cleared three budget bills. That budget legislation was not taken up by the House. However, late Wednesday evening, President John Cullerton too was blaming Governor Rauner and the Republicans.

Rauner told "The Big John and Ray Show" on WLS that he can not approve a budget unless it contains local property tax relief. The Senate plan makes the tax increase retroactive to January 1, which would have made individual tax rates 5.81 percent for the rest of the year. But Democrats say Rauner keeps moving the goalpost. "We need to go in a better direction on jobs and taxes and schools", Rauner said.

  • Zachary Reyes