Illinois will have a budget in place when the state's new fiscal year begins Tuesday. The governor signed it into law Monday. He left much of the plan approved by Democratic legislators intact, with a couple of exceptions meant to play well with voters.
Governor Pat Quinn had harsh criticism for a bipartisan panel of legislators assigned to draft a new plan to reduce the state's pension costs. He wanted legislation passed Tuesday. Lawmakers say they're close, but still need more time.
Illinois lawmakers have created a committee to address the state's 97-billion-dollar pension problem. The House and Senate agreed to form a bipartisan conference committee to tackle the nation’s largest state pension shortfall.
Another top Democrat in Springfield says any action on a pension overhaul will have to wait until early next year. Illinois Senate President John Cullerton says a vote on a plan to overhaul the state's troubled pension systems will probably come in January.