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UPDATE: Governor Rauner to sign and approve state budget

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

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