Illinois lawmakers last month approved legislation that allows Gov. Pat Quinn to delay the release of a fiscal 2010 budget by one month until March 18.

Lawmakers said the new governor — who took office last month after the Illinois House impeached and the Senate convicted Rod Blagojevich of abusing his power — needs more time to address a forecasted $9 billion deficit in the current fiscal 2009 budget and next fiscal 2010 budget.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.