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Illinois State Sens. Heather Steans and Karen McConnaughay report on the status of school funding and which reforms were passed this session.

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While Illinois residents should expect to see a smaller paycheck in short order, Illinois Comptroller Susana Mendoza says it will takes months for the increased revenue to truly buttress state coffers.

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Illinois legislators have finally passed a budget, but the impasse did not leave the state’s public universities unscathed: faculty and staff were laid off, student enrollment dwindled and bond ratings were downgraded.

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The new state budget includes significant cuts and a higher income tax. So now what? We address some lingering questions about the fiscal health of the state—and the city.

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Illinois Senators discuss the newly passed budget and explain why they voted the way they did.

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At long last, Illinois has a budget – its first in more than two years. And residents will be sending more of their paychecks to state government to help pay for it.

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After a bruising two-year battle, Illinois may be on the brink of a budget. Lawmakers from either side of the budget divide join us with insights.

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Thursday will be do or die for an income tax increase and Illinois’ first budget since July 2015, following a warning from Moody’s that the state is under review for a credit rating downgrade.

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(Éovart Caçeir at English Wikipedia)

Illinois is a single step away from having its first budget in years, after a whirlwind of Fourth of July action that saw the state Senate swiftly overriding Gov. Bruce Rauner’s vetoes of a $5 billion tax hike and $36.1 billion budget that the senators had passed just hours earlier.

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Illinois senators will spend Independence Day voting on a budget and income tax hike. Even if both plans pass, it doesn’t necessarily mean Illinois will get its first budget in two years. 

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(Meagan Davis / Wikimedia Commons)

In a stunning turnabout from the partisan divisions that has kept Illinois without a budget for the past two years, Republicans joined with Democrats to pass $5 billion in new taxes, along with a $36 billion budget.

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(Jim Bowen / Flickr)

Illinois escaped an immediate slump to “junk” bond status as it began its third consecutive year without a budget—a politically depraved condition that’s a first for modern state governments. Get the latest from Springfield.

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(Éovart Caçeir at English Wikipedia)

The state will begin a third fiscal year without a budget in place, despite a potential breakthrough Friday morning, when a $36.5 billion spending plan cleared a major hurdle in the Illinois House.

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Two days before a Springfield special legislative session is scheduled to end, Illinois Senate Minority Leader Christine Radogno announced she will resign Saturday.

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In a statement released Wednesday, Gov. Bruce Rauner said he would prolong the special legislative session “if the legislature fails to send a balanced budget package to my desk by Friday.”

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Budget negotiations are ongoing in Springfield, with Friday's deadline edging ever closer.