Illinois Hustling To Dodge Threat of Junk Bond Rating

In a stunning turnabout from the partisan divisions that has kept IL without a budget for the past two years, Republicans joined with Democrats to pass $5 billion in new taxes, along with a $36 billion budget.

House Bill 1811 increases 911 fees for the state to $1.50 from $0.87 and will allow Chicago to increase its 911 fees to $5 per month per line from $3.90. He also said in an emailed statement that "if the legislature is willing to pass the largest tax hike in state history with no reforms, then we must engage citizens and redouble our efforts to change the state".

Gov. Bruce Rauner immediately promised to veto what he dubbed "Madigan's" tax hike-a hit at his political nemesis, longtime Illinois House Speaker and Democratic Party Chair Michael Madigan. "It's a repeat of the failed policies that created this financial crisis and caused jobs and taxpayers to flee" Rauner said in a statement.

But Democrats didn't pass the plan alone.

Despite those objections, the legislation passed on a vote of 72-45.

However, the Senate is scheduled to return to Springfield Monday. They say their plan is balanced - with spending cuts and tax increases. The annual deficit stands at around $6.2 billion now.

Time asks Trump Organization to remove fake cover from golf clubs
If Trump is proposing a new tax on the internet, it is unlikely to find support in the Republican-held Congress. Several photos of the cover hanging in various clubs began to surface on Twitter today.

Trump Calls CNN 'Fake News' During Energy Speech
Trump wants the be "energy dominant", which Energy Secretary Rick Perry described to reporters as meaning "self-reliant". His administration will seek not only the American energy independence but American energy dominance , he said.

Charges dropped against juveniles accused of starting devastating Gatlinburg fire
A charred bird cage sits in the smoldering remains of a home in the wake of a wildfire last November in Gatlinburg, Tennessee. This is a developing story. "After reviewing the documents, both the State Attorney General's Office and the U.S.

IL also has a net deficit of about $130 billion, mostly in money owed to public employees for retirement, according to the state's comptroller. That's the highest yield of all 22 states that Bloomberg tracks.

Social services that rely on state money have also been crippled, including mental health service, Meals on Wheels for homebound seniors and domestic violence support centers. "Enacting a budget that sets the state on a path toward budgetary balance" would stabilize the state's ratings, the agency said. "As someone who's on the right, who's a fiscal conservative, we can't have vendors - mom and pop places - be asked to do services for the state of IL". The plan will need another vote for final House approval.

"Let's do what's right for the taxpayers of this state", McSweeney said. The spending plan won passage in a 81-34 vote.

"I would say it is a setback in the negotiations and the reforms and bringing an end to this impasse", said Leader Jim Durkin R-Burr Ridge.

Moody's is closed through the July 4 holiday. Members include Rep. Steve Andersson (R-Geneva), Terri Bryant (R-Murphysboro), John Cavaletto (R-Salem), C.D. Davidsmeyer (R-Jacksonville), Mike Fortner (R-West Chicago), Norine Hammond (R-Macomb), David Harris (R-Mount Prospect), Chad Hays (R-Catlin), Charlie Meier (R-Okawville), Bill Mitchell (R-Forsyth), Reggie Phillips (R-Charleston), Robert Pritchard ( R-Hinckley), Mike Unes (R-East Peoria), Sara Wojcicki Jimenez (R-Leland Grove), and David Reis (R-Olney).

(Copyright © 2015. All Rights Reserved.)

Driver arrested after vehicle hits barriers outside French mosque
And the Champs-Elysées is the famous shopping street where two police officers were shot, one fatally, by an ISIS jihadi. French police arrested a man who unsuccessfully tried to ram his vehicle into a crowd outside a Paris mosque.

Parliamentarians react to 'historic' vote in favor of gay marriage
Landmark vote comes after Chancellor Angela Merkel changes her mind and tells party members to follow their conscience. As well as Ireland, countries such as France, Portugal, Spain and the United Kingdom allow same-sex marriage.

'Heartbroken': Venus Williams breaks silence on fatal vehicle crash in Florida
Her sister, Serena Williams , is taking the rest of the year off to focus on her pregnancy and the birth of her first child. Linda Barson was at the wheel of the family's Hyundai when it collided with a 4x4 driven by Williams at an intersection.

Samsung invests $ 380 million, almost 1000 jobs created
The facility will produce some of Samsung's most popular and industry-leading home appliances, including washing machines. This stance has been viewed as a major source of concern for South Korean firms seeking business opportunities there.

Sardar Patel integrated India territorially, GST will integrate nation economically: PM Modi
After Prez speech, President and Narendra Modi pressed the button to officially announce GST rolling. All states and the central government discussed it for years, he added.

South Korea : Country to offer N.Korea treaty for denuclearisation
South Koreans will be looking to see how Moon does if things go off script with the off-the-cuff style of Trump. Park was dismissed in December by the South Korean National Assembly, and its immunity was lifted in March.

Three migrants die as thousands rescued in seas off Libya
More than 8,000 people were rescued in waters off Libya in one 48-hour period this week, Italy's coastguard claimed. The populist Five Star Movement has also called for a halt to new migrant arrivals in Rome.

West Indies vs India - Third ODI Squads, Preview and Prediction
The Caribbean batters found it hard to hit leg-break bowler Poonam and the tight wicket to wicket bowling from Deepti and Ekta. The West Indies have set a target of 184 runs for India in the ICC Women's World Cup match, now under way at Taunton .

Earnhardt wrecks in what could be final Cup start at Daytona
He eventually earned back both laps with "lucky dog" free passes to the top-running vehicle not on the lead lap. The most prominent faces to take a hit: Kyle Busch , Matt Kenseth , Kyle Larson , Jamie McMurray and win .

Djokovic beat Monfils straight sets to win Aegon title
He did not drop a set in his first Eastbourne appearance and the 12-time Grand Slam champion eventually secured a 6-3 6-4 win. Djokovic looked to have regained his confidence and form just in time for another concerted Wimbledon assault.

IL lotto players crossing state line amid budget impasee
"I don't see how it should affect me, I mean I really think they need to do their job and pass a budget" said Sharp. This ended up hurting the lottery, which estimates a loss in up to $71.5 million in revenue because of the delays.

Iraqi forces extend grip in IS stronghold in Mosul's old city
Officials say government troops have cut off an escape route for the fighters and "victory will be announced soon" . Hundreds of civilians have already been reported killed and used as human shields.

Raptors retain Ibaka with three-year $65M pact
Redick on a one-year, $23 million deal, a source confirmed to's Jessica Camerato. Shams Charania of The Vertical reported that the deal will be worth $100M over three years.

Don't fear killing civilians, Filipino President Rodrigo Duterte tells troops
Duterte also said he is not happy with the way the government has suffered casualties during the conflict. He said he felt "more in shame" for sending soldiers to the war that caused the loss of precious lives.

Murray out of Wimbledon practice match
Listen to talkSPORT's interview with Judy Murray IN FULL above! I'm sure all the athletes can relate to that. It was another month-long absence before Murray was back in Monaco, where he suffered a third-round exit.

More News

More News