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45-Second Drill: Illinois budget deficit swells to nearly $8 billion

Matt DietrichReboot Illinois

Jul 18, 2016

When Gov. Bruce Rauner took office, he inherited an Illinois budget deficit of $1.6 billion that had been signed into law by his predecessor, Pat Quinn.

No sooner had Rauner worked out a deal with the Democrats in the General Assembly to fill that hole than arguing began over how to fill a much bigger shortfall in a Fiscal Year 2016 budget.

In May 2015, Democrats passed a budget that Rauner said was $4 billion out of balance. Rauner vetoed almost all of it and said he wouldn’t negotiate until parts of his reform agenda became…

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