Illinois Budget

House Speaker Michael Madigan, D-Chicago, left, and Senate President John Cullerton, D-Chicago, talk on the Senate floor Tuesday at the Capitol in Springfield. The Illinois Senate has approved an annual spending plan of $36 billion following a critical vote to raise the income tax rate. If approved by Republican Gov. Bruce Rauner, it would be Illinois' first budget in more than two years, but Rauner has vowed to veto the tax increase.

Rich Saal, The State Journal-Register via AP

The Illinois House has voted to override Gov. Bruce Rauner's vetoes of a budget package. The action Thursday gives Illinois its first annual spending plan since 2015.

The House voted to override the Republican governor's veto of a $5 billion increase in income taxes and a $36 billion spending plan.

The veto overrides mean the nation's longest state budget crisis since at least the Great Depression has ended. The budget is retroactive to July 1, the start of the fiscal year. That's also the date that the 32 percent increase in the personal income tax rate takes effect.

Rauner vetoed the measures because he sees no indication that the Democratic-controlled Legislature will send him the "structural" changes he has demanded.

Angry
22
Sad
1
Funny
1
Wow
0
Love
8