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Borrowing Plan Fails Again in IL House
POSTED 3:40pm 5/7/10 SPRINGFIELD, Ill. (AP) -- The Illinois House has once again rejected a plan to borrow $3.7 billion for the state's troubled pension systems.

The failure makes it more likely the Legislature's Democratic majority will pass a budget that leaves out the much-needed pension money.

Democrats haven't been able to build support for a tax increase or for major spending cuts. So they are trying to patch together a budget that will keep government operating despite a $13 billion deficit.

The attempt to borrow money for the pension systems needed 71 votes. It got only 59 Friday.

The bill is SB3514.
On the Net: www.ilga.gov

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05 07 10 by Newsroom
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