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. Patti Bellock (R-Hinsdale) voted 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.
“Our bipartisan agreement minimizes the impact on the most vulnerable children and families in our community while we get the state budget back on solid ground,” Rep. Bellock said. “Tough times require tough decisions, and that is what we have made. The good news is, funding for our most vital priorities will continue undisrupted while we work on crafting a budget for the new fiscal year that begins on July 1.”
House Bill 318 now goes to the State Senate for approval.
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