The Illinois Senate’s “grand bargain” budget compromise is made up of 11 pieces of legislation, three of which are critical to the effort to keep Illinois from entering a third consecutive year without an annual budget plan.

 

The three bills would provide a semblance of financial security after years of wrangling between the Democratic-controlled legislature and GOP Gov. Bruce Rauner left the state without a budget. Lawmakers have until their scheduled May 31 adjournment to approve the plan. Regardless of the outcome, it promises to play a prominent part in the 2018 race for governor.

 

Here are things to know about the financial portion of the grand bargain:

 

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