June 29, 2012
Updated Jun 29, 2012 at 2:20 PM CDT
CHICAGO -- A new bill signed into law Friday will reduce Illinois legislators' pay to help balance the state budget.
House Bill 3188 will instate furlough days -- which are equivalent to a nearly 5 percent pay cut -- and prohibit cost of living adjustments. This is the fourth consecutive year the Illinois General Assembly has voted to cut its own salaries.
"We must continue our work to restore fiscal stability to Illinois," Governor Quinn said. "Members of the General Assembly made the right decision to cut their own paycheck and share some of the burden that working families are facing around the state."
The law is effective immediately.
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