SPRINGFIELD – The Illinois House of Representatives voted 69-48 on Tuesday to approve an Emergency Budget Bill (HB 318) to close a $1.6 Billion funding shortfall for the current FY 15 budget, which runs through June 30. State Rep.’s Keith Wheeler (R-50th), John Anthony (R-75th) and Mark Batinick (R-97th) were among those voting in favor of the bipartisan agreement negotiated between Governor Bruce Rauner and legislative leaders.
Under the provisions of HB 318, over 80% of the funding gap will be filled by utilizing unused money in various special state funds not needed for what they were allocated for during the current fiscal year, amounting to approx. $1.3 Billion. The remaining amount comes from an across-the-board spending reduction of 2.25% across all state programs through June 30; excluding payments for pensions, state employee health care, and funding for services for the mentally ill, developmentally disabled, and autistic children. Child care funding for low-income families will also continue for the duration of the current fiscal year.