Quinn delivers 2014 fiscal budget with warning on state pensions

By WEEK Producer

March 6, 2013 Updated Mar 6, 2013 at 10:31 PM CDT

SPRINGFIELD, Ill. -- Governor Pat Quinn delivered his budget address for Fiscal 2014 on Wednesday, a message titled "We must stop the bleeding."

Governor Quinn called it "an honest budget" but also the most difficult he has ever submitted.

That budget called for cutting $400 million from education spending, while increasing money for Veteran's Homes, mental health, and hiring additional state police.

The Governor spend much of his address on the state pension crisis, challenging legislators to resolve the crisis with serious pension reform.

"I know this issue requires a hard vote. But you know every day you wait to vote on this matter, the problem gets worse. It is costing taxpayers an additional $17 million a day. Illinois taxpayers are losing patience with your lack of action," said Governor Pat Quinn.

Quinn called on legislators to pass legislation to close corporate tax loopholes in the next 12 weeks, and dedicate money saved to paying down a backlog of state bills.

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