Illinois Budget: Which Fiscal Woes Would It Actually Fix?

Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years.
Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years. G-Jun Yam / AP Photo
Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years.
Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years. G-Jun Yam / AP Photo

Illinois Budget: Which Fiscal Woes Would It Actually Fix?

Illinois lawmakers in the state House of Representatives are on the verge of overriding a veto from Governor Rauner that would institute a budget for the first time in more than two years. Most notably, the plan would increase the income tax rate from 3.75 to 4.95 percent for all Illinois residents. So, which of the state’s various financial woes would this budget and tax hike solve? And which ones does it kick down the road? Morning Shift talks to Ralph Martire, executive director of the Center for Tax and Budget Accountability and Laurence Msall, president of the Civic Federation.