The Illinois Constitution requires the State to annually pass a balanced budget in which revenues match mandated expenditures.
Strong rumors circulated on Friday, May 22 that Democrats were preparing another unbalanced budget for FY16, the fiscal year starting July 1, 2015. This budget may get filed in the week starting Memorial Day, May 25.
This phony budget is expected to commit $4 billion that Illinois does not have to the Democrats’ spending priorities. Governor Bruce Rauner has proposed a different budget for Illinois and has strengthened his calls for the State’s government to live within its means.