Illinois House Speaker Madigan: Budgeteers' Plan 'Inadequate'

illinois_house_speaker_madigan
In this Jan. 27, 2016 photo, Illinois Speaker of the House Michael Madigan, D-Chicago, looks on as Illinois Gov. Bruce Rauner delivers his State of the State address to a joint session of the General Assembly in the House chambers at the Illinois State Capitol in Springfield, Ill. The political rivalry between the Republican Rauner and the Democratic Madigan has intensified during Illinois' 10-month budget stalemate, leaving little hope that the state will have a spending plan any time soon. Seth Perlman / AP
illinois_house_speaker_madigan
In this Jan. 27, 2016 photo, Illinois Speaker of the House Michael Madigan, D-Chicago, looks on as Illinois Gov. Bruce Rauner delivers his State of the State address to a joint session of the General Assembly in the House chambers at the Illinois State Capitol in Springfield, Ill. The political rivalry between the Republican Rauner and the Democratic Madigan has intensified during Illinois' 10-month budget stalemate, leaving little hope that the state will have a spending plan any time soon. Seth Perlman / AP

Illinois House Speaker Madigan: Budgeteers' Plan 'Inadequate'

A rough outline of budget ideas for Illinois may already be on the way to a dead-end.

Last week, legislative budget experts announced they have a draft path to a balanced budget with billions of dollars in spending reductions, coupled with new revenue. That includes a potential hike in the income tax. House Speaker Michael Madigan says he isn't ready to pass final judgment on it. But he predicts many Democrats will find the framework "inadequate," and that they won't appreciate the depth of the cuts.