The scare was triggered when a woman allegedly tossed a chemical substance into Rauner's offices in the capitol.
Rauner, who had been holding out for his business-friendly agenda, called the override "another step in Illinois' never-ending tragic trail of tax hikes".
"We are looking into an abyss - a financial abyss", Harris told his colleagues. A downgrade would make IL the first state to receive a "junk" rating and could likely trigger higher borrowing costs for America's fifth-largest state.
- IL would continue to not tax retirement income and would continue to not levy a sales tax on services.
Ending a historic 2-year-long budget impasse, the Illinois House on Thursday overrode Gov. Bruce Rauner's veto of three tax and budget bills and enacted a 32 percent increase in the individual income-tax rate, retroactive to July 1.
The longest budget standoff of any USA state has lumbered to an end. State law requires these owners awards to be paid even if the legislation doesn't fund them, and lacking state funding for the last two years, the awards have been deducted from tracks' purse accounts. After all, he had been in a two-year stare-down with Madigan and blinked.
"He just vetoed the entire budget, like everything in the whole thing was bad", she said, "so it left me with no choice".
But on Wednesday a third credit-rating agency, Moody's Investors Service, put IL under review for a downgrade even if lawmakers overrode the veto. "Or do we want to let it go into meltdown?"
GST rollout: 22 states including Delhi, Maharashtra abolish check posts
He said each department and ministry should make sure that benefits of GST are passed on to consumers which would help keep inflation under control.
IL is staring down a $6.2 billion annual deficit and $14.7 billion in past-due bills.
Rep. Steven Andersson, a Republican who supported the override of the GOP governor, said on the House floor that the past few days were "brutal" and that he received death threats and hate mail. But lawmakers are at least hoping that their vote will keep the credit rating agencies from knocking IL down to "junk" bond status. "It proves how desperately we need real property tax relief and term limits". "I am confident voters will hold those politicians accountable for choosing Mike Madigan over the people of IL". "Now more than ever, the people of IL must fight for change that will help us create a brighter future".
Lawmakers, culminating two straight weeks of a special session that began ahead of the July 1 start of the fiscal year, approved the bill to raise taxes by a 71-42 vote.
The lottery recently put a $25,000 cap on winnings that the state would pay immediately, and pulled out of the multi-state Powerball and Mega Millions games, because it lacked spending authority with no budget.
Just as IL legislators on Thursday were getting ready to approve a major tax hike to fund the state's first budget in two years, a woman threw white powder in the Capitol, causing officials to lock down the building and call in a hazmat team.
That prompted a hazardous-material investigation, according to Springfield fire officials.
Preliminary tests showed that it wasn't, said a spokesman for Illinois Secretary of State Jesse White. One person is in custody in connection with the incident.
No injuries were reported but no one was allowed to enter or exit the building for about two hours.