Wednesday, July 15, 2009

Illinois Takes on a Temporary Budget

Illinois Takes on a Temporary Budget



Illinois Governor Pat Quinn



So Governor Quinn approved a temporary budget that was proposed.

This budget is based on more borrowing and does not include the massive cuts to government programs or any tax hikes according to previous proposals. But later this year the budget will be revisited and more choices will have to be made on cuts and taxes.

As far as tax hikes go, word is that due to the need for more votes to pass a tax increase it will not happen until January when only a majority is needed. This is seen as a strategy for incumbents who if raised taxes now or later this year would get pummeled by the media and voters would be angry. But if done in January then the primary is right around the corner and has less of an impact.

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