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 The Budget/Fiscal News section provides access to all State of Illinois press releases that have been published about the State Budget and Fiscal Management, as well as information about proposed funding and fiscal responsibility.
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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.
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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