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Sen. Rose on Budget

The Illinois Budget passed Sunday night along a party-line vote has received many critics from across the aisle.

 

Illinois State Senator Chapin Rose, a Republican from Mahomet, states his opposition to the budget is due to the uncertainty of it. The budget contains  $907 million in new spending. $6.5 billion will be borrowed from state and federal funds.

 

 

Sen. Rose indicates the state's finances were poor before the pandemic, and not being able to pay off the loans in the new budget could land the state in "junk bond status".

 

 

Sen. Rose feels it was too early to pass a budget. Revenue data from March is all lawmakers had to base the budget off of which Rose points out was a split month.

 

 

Sen. Rose suggested during the session that work on the budget be postponed until the end of June which is allowed in the state constitution. At that time revenue data from April and May would be available to help inform the budget.

 

 

The next fiscal year begins on July 1, 2020.

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