News

Senate Approves $34.5 Billion Revenue Estimate

Senate Approves $34.5 Billion Revenue Estimate

Photo: Newsradio WTAX

The Illinois Senate is predicting $1 billion less to spend in the state’s upcoming budget year.

The Senate approved a resolution on a party line vote to set the revenue level at $34.5 billion — about 3 percent less than the number on which the current budget is based.

The House approved the resolution lasts month. It serves as a guide for the budget year that begins July 1. Democrats say the loss of the increased income-tax revenue and increased expenses for essential services would produce a $3 billion hole mid-year.

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