Madigan said he will contact the bond rating agencies to ask them to postpone any decisions on further rate reductions while the General Assembly finalizes work on its first full budget in three years.
Saturday marked the third consecutive fiscal year IL has begun without an annual budget in place, and the state has already accumulated a $6.2 billion deficit and $14.7 billion in past-due bills.
Chicago Democratic House Speaker Michael Madigan announced Saturday there would be a vote on a revenue package "modeled on the bill supported by the governor". All Democrats voted for the measure, and House Republicans were nearly evenly split.
IL is less than 24 hours from beginning a third straight year without a budget. Senate Bill 6 would cut spending by more than $2 billion and raise the state income tax to bring in $5 billion more in revenue, according to the Associated Press.
Even with the possibility of a budget deal, the failure of the state to formally approve a spending plan before July 1 meant that road construction was suspended and 25,000 construction workers temporarily lost their jobs, and Mega Millions and Powerball lottery ticket sales were suspended, and Eastern Illinois University implemented what it called a temporary hard freeze on all purchases, including office supplies. It will also seek to prevent the state's credit rating from being downgraded to "junk" status.
In almost two dozen states, failure to pass a budget leads to a government shutdown.
House Minority Leader Jim Durkin, R-Western Springs, said he's putting GOP votes on the spending plan that relies on more than $5 billion in new taxes.
In a surprise development, House Republicans rose to back a key vote on the spending plan.
Cardenas said the lack of a budget affects the state's roads and traffic lights, because there's no money to fix them.
Democratic Rep. La Shawn Ford of Chicago believes the state should spend more on social services, but he suggested Rauner "take this as a victory in driving down spending in the state of IL".
Nevertheless, Democratic Rep. Greg Harris says IL is "peering into the darkness", and calls Friday's scheduled votes "a moment of truth".
The Illinois House of Representatives will hold a "head count" vote today on the revenue package that would support the $36.5 billion spending plan that won overwhelming approval Friday.
She said that would make "the unthinkable" such as delaying pension payments or not paying state workers very likely. "It's my hope, and prayer, frankly, that we can get that done in the next few hours, to provide the relief and a plan that the people of IL need", Brady said, surrounded by Republican senators at the steps out a grand stair case in the capitol rotunda.
Rauner has also not been present at negotiating meetings.