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The Wall Street Journal: Illinois Senate to vote July 4 to break budget stalemate

The leader of Illinois’s Senate confirmed the chamber will vote Tuesday on Democratic revenue and spending measures that could become the state’s first budget in more than two years.

The bills, which cleared the House on Sunday, fund a more than $36 billion spending plan with a roughly $5 billion income tax increase. The state brings in roughly $32 billion a year.

Read:Illinois on brink of becoming first state rated junk if budget crisis not averted

Republican Gov. Bruce Rauner has threatened to veto the tax increase in the budget package, but Democrats, with some help from Republicans, might be able to override the veto.

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