Illinois Senate approves House’s $5 billion tax hike, $36.5 billion spending plan

The Illinois Senate approved the FY18 budget proposal, which included a $5 billion tax increase. (O’Fallon Weekly Photo by Nick Miller)

SPRINGFIELD – In an historic session on Independence Day, the Illinois Senate approved three budget-related bills that would raise taxes by $5 billion effective immediately and spend $36.5 billion in fiscal year 2018.

Gov. Bruce Rauner has vowed to veto the tax hike. Even with a Rauner veto, if no votes change in either the House, which passed the same measures Sunday night, or Senate, the tax hikes and spending plan will go into effect.

Senators needed exactly 36 votes to send House Speaker Michael Madigan’s tax increase on to the governor, and that’s exactly how many it received. 18 senators voted against it.

The Senate passed the House budget bill on a 39-14 vote, and a budget implementation bill, 36-17.
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