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Report Shows Illinois Staring Down $8B Deficit

July 14, 2016

SPRINGFIELD, Ill. (AP) – A state budget analysis obtained by The Associated Press shows Illinois’ spending will outstrip what it brings in by nearly $8 billion this year.

The review by the legislative Commission on Government Forecasting and Accountability, provided to AP in advance of general release, reflects the deal that Republican Gov. Bruce Rauner and Democrats who control the Legislature worked out last month to pay bills from the fiscal year that ended June 30 and through half of the current budget year, which began July 1. 

The report was requested by Rep. David McSweeney, a Barrington Hills Republican who voted against the budget deal. He says the deal guarantees a tax increase. 

The commission report indicates the state will spend $39.5 billion, but bring in less than $32 billion. 

A Rauner spokeswoman did not immediately comment.

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