Senate Approves Illinois Budget Bill, Rauner Vetoes, Senate Overrides

We are at 736 days without a state budget, and with our credit rating quickly slipping to junk status, the Illinois Senate passed a budget that Governor Bruce Rauner . Within hours, Rauner vetoed the measure only to have the Senate override the governor’s veto in under 30 minutes. The revenue measure will hike the individual income-tax rate to 4.95 percent, while the corporate income-tax rate would move to 7 percent. The bill will now head to the Illinois House of Representatives and Speaker Michael Madigan’s desk tomorrow.

Former Illinois Senator and Representative Ron Sandack joined WLS-AM 890 to sound off. “Nothing of this is good stuff and frankly it’s embarrassing,” Sandack told Big John and Ramblin’ Ray.