Despite promises, IL lawmakers will not vote on budget this weekend

Lawmakers worked on Saturday, but GOP leaders said on Twitter late in the day that the Senate had finished its session and won't reconvene until Monday.

When the new fiscal year begins at midnight, it will mark the third in a row that IL has started without a full budget.

The House voted 90-22 Saturday, while the Senate voted 43-1 to reverse the Republican governor and his objections to fee increases.

Without a budget, the state comptroller will be unable to cover basic services ordered by courts, road construction shuts down, Powerball ticket sales have halted, and the state's credit rating could be downgraded to "junk".

That would seem to be the earliest the bond rating agencies would lower the boom on IL and throw the state into junk bond status over its incompetent governance.

For the third straight year, the Illinois General Assembly ended a fiscal year without passing a budget, but there is optimism in the House for an agreement to be reached this weekend, one that will include a 32.5 percent income tax rate increase. Earlier this week, S&P Global Ratings warned that it would probably issue the demotion if IL failed to pass a budget before Saturday. "I want this done today".

Representative Pritchard says that the budget will bring a new day to IL.

Pritchard said that real property tax relief would come from putting more money into education, which would allow local school districts and taxpayers to keep their rates down. State Rep. Jeanne Ives, R-Wheaton, said the proposed budget continues to fund bad government behavior.

Friday is the final day of Illinois' fiscal year.

"The problem we have is we have this giant backlog of bills that are accruing interest that is crushing the state", Hays said.

In retrospect, a bipartisan vote in the House on Friday to move a $36.5 billion spending plan to passage stage appears to have been little more than a performance meant to justify asking the rating agencies to hold off a few more days. Representatives indicated that the two sides were close on workers' compensation but there was still plenty of work to be done on a property tax freeze.

Democrats, who have large majorities in the Legislature, argue that Rauner's demands are an attack on the middle class.

She said that would make "the unthinkable" — such as delaying pension payments or not paying state workers — very likely.