Gov. Bruce Rauner will lay out his plan on Wednesday to confront an unprecedented fiscal crisis exacerbated by the recent expiration of the state's temporary income tax increase, a multibillion-dollar revenue loss that could foreshadow big spending cuts and test his campaign pledge to not raise taxes.  By law, Rauner must develop a budget based on currently available funds. But the loss of the additional income tax revenue last month leaves a gaping hole for the remainder of this fiscal year and next year.

 

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