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House Sets Time To Override Governor Rauner's Veto of Budget

Shortly 1:30 pm Thursday afternoon could be when Illinois gets a full year's budget after two years without.
 
The House has set 1:30 pm Thursday to convene to take a vote on the Governor's override of a series of budget bills including income and corporate tax hikes.
 
Speaker Mike Madigan did not call lawmakers to the Capitol today because not enough members could make it have a quorum. 
 
The new budget increases the personal income tax from 3-point-7-5 to 4-point-9-5 percent, and the corporate tax from 5-point-2-5 to 7 percent. Both tax increases are permanent.
 
Democrats claim the 36-point-one billion dollar budget is balanced, with 2-point-5 billion in spending cuts and one-point-5 billion in pension savings.
 
Republicans wanted reforms in state spending, but didn't get any.  

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