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The FY 2008 Budget Debate in Overtime: What do Current Proposals Mean to Children and Families?

On May 30, 2007, one day shy of the scheduled adjournment date for the spring legislative session, the Illinois House of Representatives passed a state budget bill (SB 1132) that includes some significant increases in education funding — but otherwise largely remains at fiscal year 2007 appropriation levels. The House and the Senate also passed a bill that would generate new revenues for FY 2008 by closing some corporate tax loopholes. Some observers — including many legislators — feel that these measures would fail to cover all FY 2008 operating expenses, though Democratic House leadership and their budget staff believe it would produce a budget surplus. Download and read report

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