Rauner signs legislation to fix budget shortfall

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SPRINGFIELD - Governor Bruce Rauner has signed legislation that would fix a $1.6 billion hole in Illinois' budget.

Rauner signed the proposal hours after it passed the Illinois Senate on Thursday.  The Illinois House approved the plan on Tuesday.

The measure, proposed by House Speaker Michael Madigan, gives Rauner the authority to transfer $1.3 billion from other areas, such as parks and conservation, with the rest of the money needed to cover the budget shortfall coming from a 2.25 percent across-the-board budget cut.

Under the legislation, Rauner will also have the authority to distribute over $97 million to needy schools throughout the state.
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