SPRINGFIELD, Ill. - Governor Bruce Rauner is expected to sign and approve a state budget for the Fiscal Year 2019.
This comes after the budget passed through the Illinois House on Thursday and through the State Senate on Wednesday.
The FY19 budget appropriates $38.502 billion, with Illinois’ revenue estimated at $38.520 billion.
According to the Governor Rauner, the FY19 budget is the result of bipartisan effort and compromise.
"We started this year's budget process with the common-sense goals of a full-year balanced budget and no new taxes," says Governor Rauner. "With this budget, we can come as close an any General Assembly and Governor in Illinois have in a very long time."
State Comptroller Susana Mendoza is thanking all of the lawmakers who came together to pass a state budget.
"It will take years for our state to full recover from the devastating consequences of the two-year budget impasse," Mendoza says. "But putting a complete budget in place for Fiscal Year 2019 is another step in the right direction."
The following is what the new budget will do:
- Fully fund the new bipartisan K-12 education funding formula to local schools.
- Funds the MAP grant program as well as providing a four-year commitment for MAP recipients.
- Creates a new merit-based scholarship program to keep students in Illinois
- Provides a 2% operations funding increase for universities and community colleges, such as Heartland and ICC.
- Includes funding for Medicaid Adult Dental Preventative Services
- Lowers municipalities fee from 2% to 1.5%
- Projects $445 million in budget savings through pension reform measures
Today the city of Washington showed how a city can go through such a…
26 year old Richard Henderson is accused of dumping Diamond Bradley's…
The saying goes when life gives you lemons, you make lemonade.