Governor Rod R. Blagojevich today delivered his Fiscal Year 2008 Budget Address launching his second term with a bold agenda for Illinois middle class families
Highlights of the Governors plan for FY08 include:
An historic Tax Fairness Plan that closes corporate loopholes and gives the middle class relief it deserves; www.illinois.gov/taxfairness/
A record new investment of $10 billion in schools over the next four years three times bigger than any increase in state history; www.illinois.gov/education/
Illinois Covered an affordable, reliable healthcare plan to cover the 1.4 million uninsured adults in Illinois and provide assistance to millions of middle-income families and small businesses struggling to keep up with health insurance costs; www.illinoiscovered.com
07/09/08 - Governor Blagojevich acts to balance Fiscal Year 2009 budget deficit left by House House failure to pass revenue to support $2 billion in spending, forces Governor to make spending reductions SPRINGFIELD — Governor Rod R. Blagojevich today balanced the Fiscal Year 2009 budget after House Democrats failed to pass new funding to support a spending plan that was over $2 billion out of balance. The Governor was forced to veto $1.4 billion in initiatives after the House of Representatives clearly showed Wednesday that they did not intend to take any action on the measure. 06/24/08 - Governor Calls on House to Approve Funding Sources Passed by Senate, Avoid Budget Reductions If House fails to pass new revenue, $1.5 billion must be reduced CHICAGO – Governor Rod R. Blagojevich today called upon the House of Representatives to pass revenues already approved by the Illinois Senate, warning that funding will be unavailable for $1.5 billion in spending if the Senate’s revenue package is not passed. Reductions as well as additional reserves would be required to close a $2 billion dollar shortfall in the Fiscal Year 2009 budget passed by the General Assembly in May.
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Governor Rod R. Blagojevich today delivered his Fiscal Year 2008 Budget Address launching his second term with a bold agenda for Illinois middle class families
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