Stopgap Budget Deal Passed by Illinois General Assembly

SpringfieldMoneyAfter almost a full fiscal year of no budget for the State of Illinois, the stopgap budget measure has indeed been passed. The legislation that is expected to be signed by Illinois Governor Bruce Rauner will give the state a spending plan for the next 6 months from July until December. This will allow construction projects to continue across the state; this will allow funding for K-12 schools and also Higher Education. This as a result will allow schools to open on time; and also allow funding for other critical state operations. Colleges and Universities were approved $1 billion in funding.