CHICAGO -- Gov. Jim Edgar of Illinois has signed two bills that state officials said will help eliminate a $1.5 billion shortfall for the fiscal year that began July 1.

One bill contained about $800 million of general funds budget cuts and $515 million of onetime savings and revenue increases. Some of the cuts, however, will be restored under the second bill signed by Gov. Edgar, which includes extra federal funding expected from a new hospital assessment plan.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.