SPRINGFIELD, Ill. (AP) — The Illinois Senate is predicting $1 billion less to spend in the state’s upcoming budget year.
The Senate approved a resolution Thursday by a vote of 38-17 to set the revenue level at $34.5 billion – about 3 percent less than the number on which the current budget is based.
The House approved the resolution lasts month. It serves as a guide for the budget year that begins July 1.
But Republican Sen. Matt Murphy of Palatine says majority Democrats set the number artificially low so they can justify extending an income tax increase that expires in January.
Democrats say the loss of the increased income-tax revenue and increased expenses for essential services would produce a $3 billion hole mid-year.