Gov. Pat Quinn on Friday outlined his plans for cutting $1 billion from Illinois’ fiscal 2010 budget and warned that the state will remain awash in more than $5 billion of red ink without new revenue from an income tax increase.

The budget agreement reached by lawmakers and the governor last month gave Quinn discretion to cut $1 billion in spending to help balance the budget. He announced cuts to art funding, veterans programs, and health care funding, along with furlough days and the layoffs of more than 400 prison employees.

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